American Century Companies Inc. Grows Stock Position in BorgWarner Inc. (NYSE:BWA)

American Century Companies Inc. boosted its position in shares of BorgWarner Inc. (NYSE:BWA) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,656,194 shares of the auto parts company’s stock after buying an additional 621,243 shares during the quarter. American Century Companies Inc. owned 1.67% of BorgWarner worth $116,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of BorgWarner during the 3rd quarter worth about $32,000. True Wealth Design LLC bought a new stake in BorgWarner in the third quarter worth about $38,000. Avior Wealth Management LLC boosted its position in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of BorgWarner during the fourth quarter valued at approximately $59,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the third quarter worth approximately $62,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $28.68 on Monday. BorgWarner Inc. has a one year low of $27.65 and a one year high of $38.23. The company has a market capitalization of $6.30 billion, a PE ratio of 20.06, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a 50-day simple moving average of $30.36 and a two-hundred day simple moving average of $32.53.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts expect 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.53%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

BWA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. 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. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Morgan Stanley reduced their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.06.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by insiders.

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.