Mitsubishi UFJ Asset Management Co. Ltd. Sells 1,305 Shares of BorgWarner Inc. (NYSE:BWA)

Mitsubishi UFJ Asset Management Co. Ltd. reduced its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 185,616 shares of the auto parts company’s stock after selling 1,305 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in BorgWarner were worth $5,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp raised its position in BorgWarner by 150.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,721 shares of the auto parts company’s stock worth $1,390,000 after buying an additional 26,261 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of BorgWarner during the fourth quarter valued at approximately $571,000. KLP Kapitalforvaltning AS bought a new position in BorgWarner during the fourth quarter valued at approximately $2,152,000. Sei Investments Co. lifted its position in BorgWarner by 12.9% during the fourth quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company’s stock valued at $78,561,000 after purchasing an additional 282,659 shares during the period. Finally, American Century Companies Inc. boosted its holdings in 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. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 in the last 90 days. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

NYSE:BWA opened at $28.64 on Tuesday. The stock has a 50-day moving average price of $30.01 and a 200 day moving average price of $32.41. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month high of $38.23. The stock has a market capitalization of $6.29 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last released 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%. Equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BWA shares. Barclays decreased their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. TD Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Guggenheim set a $38.00 price target on shares of BorgWarner in a research report on Wednesday, March 5th. Finally, Morgan Stanley dropped their price objective 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

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.