Todd Asset Management LLC Purchases 249,550 Shares of BorgWarner Inc. (NYSE:BWA)

Todd Asset Management LLC boosted its position in BorgWarner Inc. (NYSE:BWA) by 33.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 992,166 shares of the auto parts company’s stock after purchasing an additional 249,550 shares during the quarter. Todd Asset Management LLC owned approximately 0.45% of BorgWarner worth $31,541,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after acquiring an additional 4,625,685 shares in the last quarter. Swedbank AB increased its holdings in shares of BorgWarner by 91.7% during the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock valued at $51,454,000 after acquiring an additional 774,438 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of BorgWarner by 3,195.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock valued at $18,366,000 after acquiring an additional 568,594 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings 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 valued at $100,309,000 after acquiring an additional 445,540 shares in the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of BorgWarner by 4,509.5% during the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock valued at $13,752,000 after acquiring an additional 370,726 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Trading Up 0.8 %

BorgWarner stock opened at $29.72 on Tuesday. 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 Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The stock’s 50 day simple moving average is $31.42 and its two-hundred day simple moving average is $33.05. The firm has a market cap of $6.50 billion, a PE ratio of 20.78, a P/E/G ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.48%. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BWA shares. Barclays cut their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Evercore ISI cut their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group cut their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Guggenheim reiterated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.57.

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

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.