Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in BorgWarner Inc. (NYSE:BWA)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 150.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,721 shares of the auto parts company’s stock after acquiring an additional 26,261 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in BorgWarner were worth $1,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp increased its stake in BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after buying an additional 595 shares in the last quarter. State of Alaska Department of Revenue raised its stake in BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock valued at $1,650,000 after purchasing an additional 25,475 shares during the period. Proficio Capital Partners LLC purchased a new position in BorgWarner in the 4th quarter worth approximately $1,197,000. Wellington Management Group LLP grew its holdings in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of BorgWarner during the fourth quarter valued at approximately $5,077,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Price Performance

BorgWarner stock opened at $28.53 on Wednesday. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month 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. The firm has a 50-day moving average price of $29.92 and a 200-day moving average price of $32.38. The firm has a market capitalization 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.

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

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. BorgWarner’s payout ratio is 30.77%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BWA shares. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. Evercore ISI cut their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Piper Sandler decreased their target price on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group dropped their price target 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 set a $38.00 price objective on BorgWarner in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.06.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction dated 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 owns 242,257 shares of the company’s stock, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is currently owned by insiders.

About BorgWarner

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.