Ninety One UK Ltd Purchases 361,112 Shares of BorgWarner Inc. (NYSE:BWA)

Ninety One UK Ltd boosted its position in BorgWarner Inc. (NYSE:BWA) by 22.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,963,721 shares of the auto parts company’s stock after acquiring an additional 361,112 shares during the period. Ninety One UK Ltd’s holdings in BorgWarner were worth $62,427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Matrix Trust Co bought a new position in BorgWarner in the third quarter worth about $25,000. Brooklyn Investment Group purchased a new stake in BorgWarner in the third quarter worth $32,000. True Wealth Design LLC purchased a new position in BorgWarner during the third quarter valued at $38,000. Avior Wealth Management LLC boosted its holdings in shares of BorgWarner by 31.3% during the 4th 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 in the last quarter. Finally, Trust Co. of Vermont grew its position in shares of BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after buying an additional 645 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

NYSE:BWA opened at $31.26 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The stock has a 50-day simple moving average of $32.65 and a two-hundred day simple moving average of $33.33. The firm has a market capitalization of $6.84 billion, a PE ratio of 7.93, a P/E/G ratio of 0.66 and a beta of 1.18. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio is 11.17%.

Insider Buying and Selling

In related news, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,010 shares of company stock valued at $7,678,076. 0.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays reduced their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

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.