BorgWarner Inc. (NYSE:BWA) Stock Holdings Lifted by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. lifted its position in BorgWarner Inc. (NYSE:BWA) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 623,627 shares of the auto parts company’s stock after acquiring an additional 8,200 shares during the period. BorgWarner comprises approximately 1.0% of Sprucegrove Investment Management Ltd.’s holdings, making the stock its 18th largest position. Sprucegrove Investment Management Ltd. owned approximately 0.27% of BorgWarner worth $20,106,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in BorgWarner by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after purchasing an additional 331,401 shares in the last quarter. Dimensional Fund Advisors LP grew its position in BorgWarner by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares in the last quarter. Earnest Partners LLC grew its position in BorgWarner by 1.1% during the first quarter. Earnest Partners LLC now owns 3,310,639 shares of the auto parts company’s stock valued at $115,012,000 after purchasing an additional 35,709 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in BorgWarner by 43.5% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 2,213,630 shares of the auto parts company’s stock valued at $79,359,000 after purchasing an additional 670,720 shares in the last quarter. Finally, Norges Bank purchased a new position in BorgWarner during the fourth quarter valued at approximately $75,489,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the sale, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Up 4.2 %

BWA stock opened at $34.11 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $42.27. The company has a 50-day moving average of $32.84 and a two-hundred day moving average of $33.56. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s payout ratio is presently 16.67%.

Wall Street Analyst Weigh In

BWA has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Citigroup decreased their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Barclays raised their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $36.00 price objective on shares of BorgWarner in a report on Tuesday, September 10th. Finally, StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.07.

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.