Sei Investments Co. Increases Position in BorgWarner Inc. (NYSE:BWA)

Sei Investments Co. increased its position in BorgWarner Inc. (NYSE:BWA) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,471,252 shares of the auto parts company’s stock after buying an additional 282,659 shares during the period. Sei Investments Co.’s holdings in BorgWarner were worth $78,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of BorgWarner by 20.5% in the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company’s stock worth $116,230,000 after purchasing an additional 621,243 shares during the last quarter. Virtu Financial LLC purchased a new position in BorgWarner during the 4th quarter worth approximately $378,000. TD Private Client Wealth LLC lifted its stake in BorgWarner by 126.2% during the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company’s stock valued at $76,000 after acquiring an additional 1,326 shares during the period. Blueshift Asset Management LLC purchased a new stake in shares of BorgWarner in the 4th quarter valued at $411,000. Finally, iA Global Asset Management Inc. increased its stake in shares of BorgWarner by 489.4% in the fourth quarter. iA Global Asset Management Inc. now owns 51,937 shares of the auto parts company’s stock worth $1,651,000 after acquiring an additional 43,125 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Down 0.9 %

Shares of BWA opened at $28.68 on Friday. BorgWarner Inc. has a 52-week low of $27.65 and a 52-week high of $38.23. The stock has a market cap of $6.30 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The firm’s fifty day moving average is $30.36 and its two-hundred day moving average is $32.54. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

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

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Ratings Changes

A number of research firms recently issued reports on BWA. Wells Fargo & Company boosted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a research note on Tuesday, March 18th. Guggenheim set a $38.00 price target on BorgWarner in a research report on Wednesday, March 5th. Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, TD Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

Insider Buying and Selling at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last three months. 0.45% of the stock is owned by corporate insiders.

BorgWarner 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.