AQR Capital Management LLC Boosts Holdings in BorgWarner Inc. (NYSE:BWA)

AQR Capital Management LLC lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 35.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,959 shares of the auto parts company’s stock after acquiring an additional 117,279 shares during the period. AQR Capital Management LLC owned 0.20% of BorgWarner worth $14,444,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AXA S.A. raised its stake in BorgWarner by 5.3% during the second quarter. AXA S.A. now owns 797,079 shares of the auto parts company’s stock worth $25,698,000 after purchasing an additional 40,300 shares during the period. Albar Capital Ltd acquired a new stake in shares of BorgWarner during the 2nd quarter worth $4,162,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BorgWarner in the 2nd quarter worth $1,486,000. Point72 Hong Kong Ltd acquired a new position in BorgWarner in the second quarter valued at $511,000. Finally, HITE Hedge Asset Management LLC purchased a new stake in BorgWarner during the second quarter valued at about $7,292,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms have recently weighed in on BWA. Wolfe Research assumed coverage on BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company decreased their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. UBS Group upped their price target on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Citigroup cut their price objective on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

BorgWarner Trading Down 2.2 %

NYSE BWA opened at $35.49 on Wednesday. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. 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 12 month low of $29.51 and a 12 month high of $40.76. The company’s fifty day moving average price is $33.10 and its two-hundred day moving average price is $33.75.

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

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is currently 16.67%.

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.