Todd Asset Management LLC Purchases 115,630 Shares of BorgWarner Inc. (NYSE:BWA)

Todd Asset Management LLC grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 797,596 shares of the auto parts company’s stock after buying an additional 115,630 shares during the period. Todd Asset Management LLC owned approximately 0.34% of BorgWarner worth $28,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of BorgWarner by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after purchasing an additional 948,659 shares during the period. Diamond Hill Capital Management Inc. raised its position in BorgWarner by 3.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock valued at $220,561,000 after purchasing an additional 166,007 shares in the last quarter. Boston Partners lifted its stake in BorgWarner by 58.9% during the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock worth $211,762,000 after purchasing an additional 1,951,783 shares during the last quarter. Invesco Ltd. increased its stake in shares of BorgWarner by 30.4% in the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after purchasing an additional 1,024,361 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of BorgWarner by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock worth $169,132,000 after buying an additional 648,633 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 287,503 shares of company stock valued at $9,015,478. 0.45% of the stock is currently owned by company insiders.

BorgWarner Trading Up 2.3 %

Shares of NYSE BWA traded up $0.81 during midday trading on Friday, reaching $36.44. The stock had a trading volume of 4,825,565 shares, compared to its average volume of 2,527,433. The company’s 50 day moving average price is $33.10 and its 200 day moving average price is $33.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.30 and a current ratio of 1.54. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. BorgWarner’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that BorgWarner Inc. will post 3.94 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 annualized dividend and a yield of 1.21%. BorgWarner’s dividend payout ratio is currently 16.67%.

Analyst Ratings Changes

Several research analysts have commented on BWA shares. TD Cowen boosted their target price on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Piper Sandler began coverage on BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 price target for the company. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Finally, Robert W. Baird upped their target price on BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.93.

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.