LSV Asset Management Sells 145,728 Shares of BorgWarner Inc. (NYSE:BWA)

LSV Asset Management reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,464,373 shares of the auto parts company’s stock after selling 145,728 shares during the quarter. LSV Asset Management owned 1.47% of BorgWarner worth $124,198,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parkside Investments LLC lifted its stake in BorgWarner by 28.7% in the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after buying an additional 43,955 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in BorgWarner by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock worth $25,094,000 after purchasing an additional 59,925 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of BorgWarner in the 3rd quarter valued at about $833,000. Illinois Municipal Retirement Fund boosted its position in shares of BorgWarner by 84.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock worth $9,341,000 after buying an additional 119,170 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of BorgWarner by 24.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock worth $7,305,000 after buying an additional 35,986 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The disclosure for this sale can be found here. Insiders have sold 287,503 shares of company stock valued at $9,015,478 over the last three months. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BWA shares. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. Robert W. Baird boosted their price target on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen upped their target price on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday. Finally, Oppenheimer boosted their price target on BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.93.

BorgWarner Price Performance

Shares of NYSE BWA traded up $0.81 during midday trading on Friday, reaching $36.44. The company’s stock had a trading volume of 4,825,565 shares, compared to its average volume of 2,527,433. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.30 and a current ratio of 1.54. The company has a market cap of $8.37 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.07 and a beta of 1.30. The business’s 50 day moving average price is $33.10 and its two-hundred day moving average price is $33.76. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that BorgWarner Inc. will post 3.9 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. BorgWarner’s dividend payout ratio is 16.67%.

About BorgWarner

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.