Ninety One UK Ltd Purchases 361,112 Shares of BorgWarner Inc. (NYSE:BWA)

Ninety One UK Ltd lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 22.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,963,721 shares of the auto parts company’s stock after acquiring an additional 361,112 shares during the quarter. Ninety One UK Ltd owned approximately 0.90% of BorgWarner worth $62,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWA. Marshall Wace LLP acquired a new position in BorgWarner in the 2nd quarter valued at $295,000. Creative Planning lifted its holdings in shares of BorgWarner by 4.9% during the second quarter. Creative Planning now owns 26,641 shares of the auto parts company’s stock worth $859,000 after purchasing an additional 1,246 shares during the period. Sanctuary Advisors LLC acquired a new position in BorgWarner during the 2nd quarter worth about $1,681,000. Czech National Bank boosted its holdings in BorgWarner by 6.9% in the third quarter. Czech National Bank now owns 46,398 shares of the auto parts company’s stock valued at $1,684,000 after acquiring an additional 2,981 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of BorgWarner by 31.4% during the third quarter. Handelsbanken Fonder AB now owns 43,931 shares of the auto parts company’s stock worth $1,594,000 after buying an additional 10,500 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Performance

NYSE BWA opened at $31.26 on Wednesday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a fifty day moving average of $32.65 and a 200-day moving average of $33.33. The company has a market capitalization of $6.84 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.41%. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the sale, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 222,010 shares of company stock valued at $7,678,076. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BWA. Wells Fargo & Company lowered their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft increased their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

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.