Rhumbline Advisers raised its position in BorgWarner Inc. (NYSE:BWA) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,951 shares of the auto parts company’s stock after buying an additional 5,222 shares during the quarter. Rhumbline Advisers’ holdings in BorgWarner were worth $20,536,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BWA. BP PLC grew its holdings in shares of BorgWarner by 212.0% during the 4th quarter. BP PLC now owns 78,000 shares of the auto parts company’s stock worth $3,984,000 after purchasing an additional 53,000 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of BorgWarner by 154.3% during the 3rd quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after purchasing an additional 1,259,970 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of BorgWarner by 37.3% during the 3rd quarter. Janus Henderson Group PLC now owns 62,635 shares of the auto parts company’s stock worth $3,209,000 after purchasing an additional 17,021 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of BorgWarner by 11.4% during the 3rd quarter. Toronto Dominion Bank now owns 75,840 shares of the auto parts company’s stock worth $3,885,000 after purchasing an additional 7,746 shares in the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new stake in shares of BorgWarner during the 3rd quarter worth $454,000. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BorgWarner Inc. (BWA) opened at $52.32 on Friday. The firm has a market capitalization of $11,015.98, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 1.42 and a beta of 1.82. The company has a quick ratio of 1.15, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. BorgWarner Inc. has a 1-year low of $37.54 and a 1-year high of $58.22.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.17 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. BorgWarner’s dividend payout ratio (DPR) is presently 32.85%.
In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares of the company’s stock, valued at $847,912.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the sale, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
BWA has been the topic of several analyst reports. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, December 26th. Royal Bank of Canada reissued a “hold” rating and set a $61.00 target price on shares of BorgWarner in a report on Wednesday, December 20th. Oppenheimer assumed coverage on BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective on the stock. Citigroup increased their target price on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Wells Fargo & Co raised their price objective on BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. BorgWarner has a consensus rating of “Hold” and a consensus target price of $52.59.
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BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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