Versor Investments LP Takes Position in BorgWarner Inc. (NYSE:BWA)

Versor Investments LP purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,200 shares of the auto parts company’s stock, valued at approximately $292,000.

Several other institutional investors have also recently made changes to their positions in BWA. Pacer Advisors Inc. grew its position in BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after acquiring an additional 4,625,685 shares during the period. Swedbank AB grew its holdings in shares of BorgWarner by 91.7% during the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after purchasing an additional 774,438 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of BorgWarner by 3,195.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock worth $18,366,000 after purchasing an additional 568,594 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after purchasing an additional 445,540 shares during the last quarter. Finally, Bridgewater Associates LP raised its holdings in BorgWarner by 4,509.5% in the 3rd quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock valued at $13,752,000 after buying an additional 370,726 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $28.80 on Tuesday. The business has a 50-day simple moving average of $31.23 and a 200-day simple moving average of $33.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a one year low of $28.54 and a one year high of $38.22. The company has a market cap of $6.30 billion, a PE ratio of 20.14, a P/E/G ratio of 0.77 and a beta of 1.18.

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%. On average, equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

Several brokerages have weighed in on BWA. Barclays lowered their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company boosted their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Morgan Stanley decreased their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $40.53.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by 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.