Great Lakes Advisors LLC Increases Stock Holdings in BorgWarner Inc. $BWA

Great Lakes Advisors LLC boosted its position in shares of BorgWarner Inc. (NYSE:BWA) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,093,306 shares of the auto parts company’s stock after purchasing an additional 94,470 shares during the period. Great Lakes Advisors LLC owned approximately 0.51% of BorgWarner worth $48,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in shares of BorgWarner by 5.3% during the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after buying an additional 380,942 shares during the period. American Century Companies Inc. increased its stake in BorgWarner by 1.6% during the second quarter. American Century Companies Inc. now owns 3,774,828 shares of the auto parts company’s stock worth $126,381,000 after acquiring an additional 58,252 shares during the last quarter. AQR Capital Management LLC raised its position in BorgWarner by 307.1% in the second quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock valued at $114,153,000 after purchasing an additional 2,582,105 shares during the period. Norges Bank acquired a new position in shares of BorgWarner in the 2nd quarter valued at $110,234,000. Finally, Sei Investments Co. grew its holdings in shares of BorgWarner by 1.8% during the 2nd quarter. Sei Investments Co. now owns 2,515,692 shares of the auto parts company’s stock worth $84,225,000 after purchasing an additional 44,615 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BWA opened at $48.30 on Thursday. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $48.93. The stock has a market capitalization of $10.33 billion, a PE ratio of 76.67, a PEG ratio of 0.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The stock has a 50-day simple moving average of $45.46 and a 200-day simple moving average of $43.09.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio is 107.94%.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president owned 204,040 shares in the company, valued at approximately $9,385,840. The trade was a 2.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the transaction, the vice president owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,200 shares of company stock valued at $1,054,336 over the last ninety days. 0.63% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on BWA shares. Robert W. Baird set a $55.00 price objective on shares of BorgWarner in a report on Wednesday, January 14th. Wells Fargo & Company dropped their target price on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. JPMorgan Chase & Co. boosted their target price on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Barclays raised their price target on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $47.31.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.