Asset Management One Co. Ltd. Buys 863 Shares of BorgWarner Inc. (NYSE:BWA)

Asset Management One Co. Ltd. increased its stake in BorgWarner Inc. (NYSE:BWA) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,211 shares of the auto parts company’s stock after purchasing an additional 863 shares during the period. Asset Management One Co. Ltd.’s holdings in BorgWarner were worth $168,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in BorgWarner by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 80,058 shares of the auto parts company’s stock worth $2,545,000 after purchasing an additional 5,126 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of BorgWarner by 3,195.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock valued at $18,366,000 after acquiring an additional 568,594 shares during the last quarter. Edmp Inc. raised its position in shares of BorgWarner by 1.1% during the 4th quarter. Edmp Inc. now owns 47,405 shares of the auto parts company’s stock valued at $1,508,000 after acquiring an additional 518 shares during the last quarter. Principle Wealth Partners LLC bought a new stake in shares of BorgWarner during the 4th quarter valued at $200,000. Finally, Empowered Funds LLC bought a new stake in shares of BorgWarner during the 4th quarter valued at $7,995,000. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Guggenheim reiterated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.57.

BorgWarner Price Performance

Shares of NYSE BWA opened at $30.23 on Friday. The firm has a market cap of $6.61 billion, a PE ratio of 21.14, a PEG ratio of 0.77 and a beta of 1.18. 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 1-year low of $28.65 and a 1-year high of $38.22. The company has a fifty day moving average price of $31.57 and a 200 day moving average price of $33.07.

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

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.46%. BorgWarner’s dividend payout ratio is 30.77%.

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.