BorgWarner Inc. (NYSE:BWA) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in BorgWarner Inc. (NYSE:BWA) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,223 shares of the auto parts company’s stock after purchasing an additional 721 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in BorgWarner were worth $3,808,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BWA. Tritonpoint Wealth LLC acquired a new stake in shares of BorgWarner in the fourth quarter valued at about $414,000. Park Place Capital Corp grew its position in BorgWarner by 12.2% in the fourth quarter. Park Place Capital Corp now owns 19,526 shares of the auto parts company’s stock valued at $700,000 after acquiring an additional 2,124 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of BorgWarner by 85.5% during the fourth quarter. Arkadios Wealth Advisors now owns 9,948 shares of the auto parts company’s stock valued at $357,000 after purchasing an additional 4,586 shares during the period. International Assets Investment Management LLC lifted its position in shares of BorgWarner by 211.8% during the fourth quarter. International Assets Investment Management LLC now owns 70,051 shares of the auto parts company’s stock worth $25,110,000 after purchasing an additional 47,581 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its stake in shares of BorgWarner by 82.6% in the fourth quarter. SteelPeak Wealth LLC now owns 45,267 shares of the auto parts company’s stock valued at $1,623,000 after purchasing an additional 20,480 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BWA has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Robert W. Baird downgraded BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and cut their target price for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. Finally, Piper Sandler started coverage on BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.30.

Insider Activity at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 in the last ninety days. 0.63% of the stock is owned by insiders.

BorgWarner Stock Performance

Shares of BWA stock opened at $32.43 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $32.52 and a two-hundred day moving average of $34.23. The company has a market cap of $7.45 billion, a P/E ratio of 12.15, a PEG ratio of 1.00 and a beta of 1.30. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that BorgWarner Inc. will post 3.9 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

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.