Prudential PLC Purchases 64,867 Shares of BorgWarner Inc. (NYSE:BWA)

Prudential PLC boosted its position in BorgWarner Inc. (NYSE:BWA) by 374.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,200 shares of the auto parts company’s stock after acquiring an additional 64,867 shares during the period. Prudential PLC’s holdings in BorgWarner were worth $2,613,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BWA. Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of BorgWarner in the fourth quarter valued at $59,000. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner during the third quarter valued at about $62,000. Principal Securities Inc. increased its position in shares of BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 720 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of BorgWarner by 126.2% in the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company’s stock worth $76,000 after acquiring an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE BWA opened at $25.92 on Monday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The stock has a fifty day simple moving average of $29.63 and a two-hundred day simple moving average of $32.27. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 1-year low of $24.60 and a 1-year high of $38.23.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Analysts Set New Price Targets

A number of brokerages have commented on BWA. Evercore ISI decreased their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Morgan Stanley decreased their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler reduced their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Finally, BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $39.06.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by corporate insiders.

About BorgWarner

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.