BorgWarner Inc. (NYSE:BWA) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP lifted its stake in BorgWarner Inc. (NYSE:BWA) by 57.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 597,124 shares of the auto parts company’s stock after buying an additional 218,177 shares during the period. Bridgewater Associates LP’s holdings in BorgWarner were worth $18,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp grew its holdings in shares of BorgWarner by 4.0% during the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after purchasing an additional 595 shares during the last quarter. Norges Bank acquired a new stake in shares of BorgWarner in the 4th quarter valued at about $62,180,000. State of Alaska Department of Revenue grew its stake in BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in BorgWarner during the fourth quarter worth approximately $1,197,000. Finally, Wellington Management Group LLP boosted its holdings in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after acquiring an additional 394 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last ninety days. 0.63% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on BWA. Robert W. Baird reduced their price target on shares of BorgWarner from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler decreased their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Guggenheim set a $38.00 price target on BorgWarner in a research report on Wednesday, March 5th. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Finally, Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

BorgWarner Stock Performance

NYSE BWA opened at $26.10 on Wednesday. The business has a 50 day moving average price of $28.58 and a 200 day moving average price of $31.75. The company has a market capitalization of $5.73 billion, a P/E ratio of 18.25, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Sell-side analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.