UniSuper Management Pty Ltd Purchases 7,031 Shares of BorgWarner Inc. (NYSE:BWA)

UniSuper Management Pty Ltd grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,944 shares of the auto parts company’s stock after buying an additional 7,031 shares during the quarter. UniSuper Management Pty Ltd’s holdings in BorgWarner were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC grew its position in BorgWarner by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after acquiring an additional 217,050 shares during the last quarter. American Century Companies Inc. boosted its stake in BorgWarner by 20.5% in the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company’s stock worth $116,230,000 after purchasing an additional 621,243 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after buying an additional 445,540 shares in the last quarter. Sei Investments Co. increased its stake in shares of BorgWarner by 12.9% in the fourth quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company’s stock valued at $78,561,000 after buying an additional 282,659 shares in the last quarter. Finally, Ninety One UK Ltd raised its holdings in shares of BorgWarner by 22.5% in the fourth quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock valued at $62,427,000 after buying an additional 361,112 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BWA shares. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Piper Sandler dropped their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Evercore ISI decreased their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average target price of $39.06.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by company insiders.

BorgWarner Trading Down 2.3 %

BWA opened at $28.18 on Monday. The firm’s fifty day moving average is $30.08 and its two-hundred day moving average is $32.43. The firm has a market cap of $6.19 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a twelve month low of $27.65 and a twelve month high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

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.