Marshall Wace LLP Increases Holdings in BorgWarner Inc. (NYSE:BWA)

Marshall Wace LLP lifted its holdings in BorgWarner Inc. (NYSE:BWA) by 373.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,734 shares of the auto parts company’s stock after acquiring an additional 25,037 shares during the period. Marshall Wace LLP’s holdings in BorgWarner were worth $1,009,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BWA. Invesco Ltd. boosted its stake in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company’s stock worth $216,014,000 after purchasing an additional 628,930 shares during the period. Alliancebernstein L.P. grew its stake in BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company’s stock valued at $190,142,000 after acquiring an additional 381,504 shares in the last quarter. LSV Asset Management increased its holdings in BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after acquiring an additional 792,100 shares during the last quarter. American Century Companies Inc. lifted its stake in BorgWarner by 20.5% in the 4th quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company’s stock worth $116,230,000 after purchasing an additional 621,243 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of BorgWarner by 12.9% during the 4th quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company’s stock valued at $78,561,000 after purchasing an additional 282,659 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BWA. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a report on Tuesday, March 18th. Guggenheim decreased their price objective on BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. UBS Group reissued a “neutral” rating and issued a $31.00 target price (down from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. Wells Fargo & Company upped their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.19.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value 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 $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last quarter. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $28.37 on Thursday. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $38.23. The company has a market capitalization of $6.23 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The stock’s fifty day moving average is $28.07 and its two-hundred day moving average is $31.18. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 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, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. BorgWarner’s payout ratio is 30.77%.

BorgWarner 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.