Todd Asset Management LLC Raises Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Todd Asset Management LLC raised its position in shares of BorgWarner Inc. (NYSE:BWA) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 797,596 shares of the auto parts company’s stock after buying an additional 115,630 shares during the quarter. Todd Asset Management LLC’s holdings in BorgWarner were worth $28,594,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in BorgWarner by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock valued at $346,614,000 after acquiring an additional 948,659 shares during the period. Diamond Hill Capital Management Inc. grew its stake in shares of BorgWarner by 3.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after acquiring an additional 166,007 shares during the last quarter. Boston Partners raised its position in shares of BorgWarner by 58.9% in the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock worth $211,762,000 after purchasing an additional 1,951,783 shares during the last quarter. Invesco Ltd. boosted its stake in BorgWarner by 30.4% in the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock worth $177,591,000 after purchasing an additional 1,024,361 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in BorgWarner by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock worth $169,132,000 after purchasing an additional 648,633 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

BWA traded up $0.81 during trading on Friday, reaching $36.44. 4,825,565 shares of the company traded hands, compared to its average volume of 2,527,433. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $50.04. The firm has a fifty day simple moving average of $33.10 and a 200 day simple moving average of $33.72. 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 PEG ratio of 1.09 and a beta of 1.30.

BorgWarner (NYSE:BWA) last posted its earnings results 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 net margin of 4.02% and a return on equity of 15.33%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the company posted $1.09 earnings per share. BorgWarner’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that BorgWarner Inc. will post 3.94 EPS for the current year.

BorgWarner Dividend Announcement

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 paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s payout ratio is presently 16.67%.

Analyst Ratings Changes

BWA has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Wells Fargo & Company raised their target price on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Oppenheimer boosted their target price on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. Eight investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.93.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock worth $9,015,478 in the last quarter. 0.45% of the stock is owned by corporate insiders.

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.