BorgWarner Inc. (NYSE:BWA) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,990 shares of the auto parts company’s stock after acquiring an additional 5,787 shares during the period. Lazard Asset Management LLC’s holdings in BorgWarner were worth $1,492,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. LRI Investments LLC grew its stake in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in BorgWarner in the fourth quarter worth about $45,000. Avior Wealth Management LLC grew its stake in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in BorgWarner in the fourth quarter worth about $48,000. Finally, Quarry LP lifted its holdings in BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 959 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $33.34 on Monday. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 0.77 and a beta of 1.08. The stock’s 50 day moving average price is $28.48 and its 200 day moving average price is $30.87. 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 posted its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.32%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

Insiders Place Their Bets

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following the sale, the executive vice president now directly owns 214,521 shares of the company’s stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares in the company, 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. Over the last 90 days, insiders have sold 60,036 shares of company stock worth $1,851,114. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of recent research reports. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays cut their target price on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Morgan Stanley cut their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.47.

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.