Victory Capital Management Inc. increased its stake in BorgWarner Inc. (NYSE:BWA) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,842,568 shares of the auto parts company’s stock after acquiring an additional 780,604 shares during the period. Victory Capital Management Inc. owned approximately 2.33% of BorgWarner worth $168,231,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of BorgWarner by 24.1% in the fourth quarter. IFP Advisors Inc now owns 2,010 shares of the auto parts company’s stock valued at $69,000 after acquiring an additional 390 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of BorgWarner in the third quarter valued at approximately $146,000. First Bank & Trust boosted its holdings in BorgWarner by 7.2% during the fourth quarter. First Bank & Trust now owns 4,196 shares of the auto parts company’s stock worth $146,000 after buying an additional 282 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in BorgWarner by 30.9% during the fourth quarter. Atlas Capital Advisors LLC now owns 5,400 shares of the auto parts company’s stock worth $188,000 after buying an additional 1,274 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC bought a new stake in BorgWarner during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 92.67% of the company’s stock.
Shares of NYSE:BWA traded up $0.78 during mid-day trading on Tuesday, hitting $39.60. The stock had a trading volume of 70,682 shares, compared to its average volume of 1,673,514. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.66. The company has a market cap of $7.97 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 1.03 and a beta of 1.79. BorgWarner Inc. has a 12-month low of $32.46 and a 12-month high of $54.35.
A number of analysts recently weighed in on the stock. TheStreet cut shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Tuesday, December 18th. Morgan Stanley reduced their target price on shares of BorgWarner from $61.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Deutsche Bank assumed coverage on shares of BorgWarner in a report on Thursday, December 13th. They set a “buy” rating for the company. Jefferies Financial Group assumed coverage on shares of BorgWarner in a report on Tuesday, December 4th. They set a “buy” rating and a $48.00 target price for the company. Finally, Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $50.86.
In other news, Director Deborah D. Mcwhinney purchased 1,421 shares of BorgWarner stock in a transaction that occurred on Wednesday, December 19th. The stock was acquired at an average price of $35.14 per share, for a total transaction of $49,933.94. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alexis P. Michas sold 10,003 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $39.99, for a total transaction of $400,019.97. Following the completion of the sale, the director now owns 78,223 shares of the company’s stock, valued at approximately $3,128,137.77. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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