Robeco Institutional Asset Management B.V. Raises Stock Position in BorgWarner Inc. (NYSE:BWA)

Robeco Institutional Asset Management B.V. raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 20.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 826,148 shares of the auto parts company’s stock after buying an additional 142,423 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.38% of BorgWarner worth $26,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Matrix Trust Co purchased a new stake in BorgWarner during the third quarter valued at $25,000. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the 3rd quarter valued at about $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner during the 3rd quarter valued at about $38,000. Trust Co. of Vermont boosted its holdings in shares of BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after buying an additional 645 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $32.86 on Friday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The company has a market capitalization of $7.19 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The stock’s fifty day moving average is $32.83 and its two-hundred day moving average is $33.38. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. As a group, analysts expect that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.11 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.34%. BorgWarner’s payout ratio is 11.17%.

Wall Street Analysts Forecast Growth

BWA has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday. The Goldman Sachs Group decreased their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Barclays dropped their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Finally, Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.40.

Insider Buying and Selling

In other news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction on Monday, November 11th. The stock was 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 owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last quarter. 0.45% of the stock is owned by corporate insiders.

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.