Mirae Asset Global Investments Co. Ltd. Has $3.81 Million Position in BorgWarner Inc. (NYSE:BWA)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 106,223 shares of the auto parts company’s stock after acquiring an additional 721 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in BorgWarner were worth $3,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of BorgWarner by 3.7% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,487 shares of the auto parts company’s stock worth $266,000 after buying an additional 302 shares during the period. First Horizon Advisors Inc. lifted its position in BorgWarner by 7.5% during the 1st quarter. First Horizon Advisors Inc. now owns 4,440 shares of the auto parts company’s stock worth $218,000 after acquiring an additional 308 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in BorgWarner by 3.8% during the second quarter. Raymond James Trust N.A. now owns 8,812 shares of the auto parts company’s stock valued at $431,000 after acquiring an additional 324 shares during the period. UMB Bank n.a. grew its position in shares of BorgWarner by 7.1% in the third quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock valued at $200,000 after purchasing an additional 327 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of BorgWarner by 5.6% in the first quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BWA shares. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Robert W. Baird downgraded shares of 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the sale, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock worth $9,015,478 over the last three months. 0.63% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

NYSE BWA opened at $32.43 on Wednesday. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. 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 stock 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. The company’s 50-day simple moving average is $32.52 and its 200 day simple moving average is $34.23.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share 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 period in the previous year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts forecast that BorgWarner Inc. will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

BorgWarner Company 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.