Robeco Institutional Asset Management B.V. Has $15.40 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Robeco Institutional Asset Management B.V. raised its holdings in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 77.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490,557 shares of the auto parts company’s stock after buying an additional 214,758 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in BorgWarner were worth $15,403,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BWA. Newport Trust Co acquired a new position in shares of BorgWarner during the second quarter worth approximately $59,609,000. Prudential Financial Inc. lifted its holdings in shares of BorgWarner by 300.2% during the third quarter. Prudential Financial Inc. now owns 1,316,105 shares of the auto parts company’s stock worth $41,327,000 after buying an additional 987,274 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of BorgWarner by 24.7% during the first quarter. Invesco Ltd. now owns 3,637,381 shares of the auto parts company’s stock worth $141,495,000 after buying an additional 720,690 shares during the last quarter. Vanguard Group Inc. increased its position in shares of BorgWarner by 2.2% during the first quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock valued at $1,016,505,000 after purchasing an additional 570,039 shares during the period. Finally, Foundry Partners LLC bought a new stake in shares of BorgWarner during the third quarter valued at approximately $16,152,000. 91.44% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of BWA stock opened at $45.74 on Friday. The stock’s fifty day moving average is $47.34 and its 200-day moving average is $41.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.16 and a current ratio of 1.56. The stock has a market capitalization of $10.71 billion, a PE ratio of 11.44, a PEG ratio of 0.73 and a beta of 1.41. BorgWarner Inc. has a 52 week low of $31.14 and a 52 week high of $51.14.

BorgWarner (NYSE:BWA – Get Rating) last announced its earnings results on Thursday, February 9th. The auto parts company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.08 by $0.18. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.89 billion. BorgWarner had a return on equity of 14.97% and a net margin of 5.97%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. Equities research analysts expect that BorgWarner Inc. will post 4.85 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, February 28th. BorgWarner’s payout ratio is presently 17.00%.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 14,026 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $49.59, for a total transaction of $695,549.34. Following the transaction, the chief accounting officer now owns 40,875 shares of the company’s stock, valued at $2,026,991.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Tonit M. Calaway sold 14,026 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $49.59, for a total transaction of $695,549.34. Following the transaction, the chief accounting officer now owns 40,875 shares of the company’s stock, valued at $2,026,991.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Craig Aaron sold 9,638 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $48.29, for a total value of $465,419.02. Following the transaction, the vice president now directly owns 13,435 shares in the company, valued at approximately $648,776.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,707 shares of company stock worth $5,027,503. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BWA. Wells Fargo & Company boosted their price objective on BorgWarner from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, February 10th. Citigroup boosted their price objective on BorgWarner from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. Morgan Stanley boosted their price objective on BorgWarner from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, February 10th. StockNews.com began coverage on BorgWarner in a research report on Thursday. They set a “strong-buy” rating on the stock. Finally, BNP Paribas upgraded BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, December 7th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $52.91.

BorgWarner Company Profile

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BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.