Deprince Race & Zollo Inc. Trims Position in BorgWarner Inc. (NYSE:BWA)

Deprince Race & Zollo Inc. trimmed its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,852 shares of the auto parts company's stock after selling 542,558 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.27% of BorgWarner worth $19,069,000 at the end of the most recent quarter.

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A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in BorgWarner by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after purchasing an additional 753,344 shares in the last quarter. Invesco Ltd. raised its position in shares of BorgWarner by 10.2% in the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after buying an additional 628,930 shares in the last quarter. Alliancebernstein L.P. boosted its stake in BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock valued at $190,142,000 after buying an additional 381,504 shares during the period. LSV Asset Management grew its position in BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after buying an additional 792,100 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in BorgWarner by 0.7% in the 4th quarter. Earnest Partners LLC now owns 3,927,415 shares of the auto parts company's stock worth $124,853,000 after acquiring an additional 27,960 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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Several research analysts have recently commented on the company. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Guggenheim lowered their price target on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.47.

Check Out Our Latest Stock Analysis on BWA

BorgWarner Price Performance

BWA opened at $31.14 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a market capitalization of $6.84 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The stock's 50 day moving average price is $28.06 and its 200-day moving average price is $30.96. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.39 billion. During the same period last year, the company posted $1.03 EPS. The company's quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.41%. BorgWarner's dividend payout ratio is presently 30.77%.

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.

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