Meiji Yasuda Asset Management Co Ltd. Purchases New Position in BorgWarner Inc. (NYSE:BWA)

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 30,570 shares of the auto parts company’s stock, valued at approximately $986,000.

Several other institutional investors and hedge funds have also bought and sold shares of BWA. Norges Bank purchased a new stake in BorgWarner in the 4th quarter worth approximately $75,489,000. Dimensional Fund Advisors LP lifted its stake in BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after purchasing an additional 1,640,503 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in BorgWarner by 43.5% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,213,630 shares of the auto parts company’s stock worth $79,359,000 after purchasing an additional 670,720 shares in the last quarter. Swedbank AB purchased a new stake in shares of BorgWarner during the 1st quarter valued at $14,022,000. Finally, Vanguard Group Inc. raised its position in shares of BorgWarner by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after buying an additional 331,401 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 2,066 shares of the firm’s 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 directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction dated Monday, August 5th. The shares were 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BWA shares. Barclays raised their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. UBS Group raised their price objective on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Citigroup reduced their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company reduced their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.07.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $34.11 on Friday. The firm has a market cap of $7.77 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $42.27. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $32.84 and its two-hundred day simple moving average is $33.56.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm earned $1.35 EPS. The company’s revenue was down 20.3% on a year-over-year basis. As a group, equities analysts expect 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. Stockholders of record on Tuesday, September 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. BorgWarner’s dividend payout ratio is 16.67%.

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.