Alliancebernstein L.P. Has $190.14 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Alliancebernstein L.P. grew its position in BorgWarner Inc. (NYSE:BWA) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,981,196 shares of the auto parts company’s stock after buying an additional 381,504 shares during the period. Alliancebernstein L.P. owned 2.73% of BorgWarner worth $190,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BorgWarner by 9.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,511 shares of the auto parts company’s stock worth $1,978,000 after purchasing an additional 4,497 shares during the period. Public Sector Pension Investment Board grew its position in shares of BorgWarner by 2.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 39,707 shares of the auto parts company’s stock worth $1,441,000 after buying an additional 1,000 shares during the period. Captrust Financial Advisors raised its stake in shares of BorgWarner by 5.6% during the third quarter. Captrust Financial Advisors now owns 92,206 shares of the auto parts company’s stock worth $3,346,000 after buying an additional 4,860 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after buying an additional 445,540 shares during the last quarter. Finally, HITE Hedge Asset Management LLC lifted its holdings in BorgWarner by 28.4% in the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after buying an additional 64,126 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley dropped their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Barclays decreased their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.06.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by insiders.

BorgWarner Price Performance

BWA stock opened at $28.53 on Wednesday. The stock has a market cap of $6.27 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The stock has a 50-day moving average price of $29.92 and a two-hundred day moving average price of $32.38. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. 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 (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio 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.