SEC Form SC 13G/A filed

2/12/21 8:57:18 AM ET

Auto Parts:O.E.M.

Consumer Discretionary

Get the next $BWA alert in real time by email

SC 13G/A 1 Schedule_13ga_Submission_BWA.txt DHCM_13GA_BWA UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* BorgWarner, Inc. ----------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------- (Title of Class of Securities) 099724106 ----------------------------------------------------- (CUSIP Number) December 31, 2020 ----------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's Initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Diamond Hill Capital Management, Inc. ("Diamond Hill") 31-1019984 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION An Ohio Corporation NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 9,013,076 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 10,052,284 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,052,284 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer BorgWarner, Inc. (b) Address of Issuer's Principal Executive Offices 3850 Hamlin Rd., Auburn Hills, MI 48326 Item 2. (a) Name of Person Filing Diamond Hill Capital Management, Inc. (b) Address of the Principal Office or, if none, residence 325 John H. McConnell Blvd., Suite 200, Columbus, OH 43215 (c) Citizenship An Ohio Corporation (d) Title of Class of Securities Common Stock (e) CUSIP Number 099724106 Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: [ ]Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). [ ]Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). [ ]Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). [ ]Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). [X]An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); [ ]An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); [ ]A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); [ ]A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); [ ]A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); [ ]Group, in accordance with section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 10,052,284 (b) Percent of class: 4.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 9,013,076 (ii) Shared power to vote or to direct the vote: 0 (iii)Sole power to dispose or to direct the disposition of: 10,052,284 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Diamond Hill does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Diamond Hill serves as investment adviser. Any and all discretionary authority which has been delegated to Diamond Hill may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Diamond Hill which it also serves as investment adviser ("Diamond Hill Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Diamond Hill. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. The following certification shall be included if the statement is filed pursuant to Section 240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 2/12/2021 By: /s/ Gary Young Gary Young Chief Compliance Officer

Get the next $BWA alert in real time by email

Recent Analyst Ratings for

$BWA

Date	Price Target	Rating	Analyst
9/10/2024	$36.00	Hold	Deutsche Bank
9/5/2024		Peer Perform	Wolfe Research
3/15/2024	$43.00	Overweight	Piper Sandler
2/20/2024	$43.00 → $35.00	Outperform → Neutral	Exane BNP Paribas
1/3/2024	$45.00 → $39.00	Outperform → Neutral	Robert W. Baird
11/16/2023	$41.00	Neutral → Buy	Guggenheim
11/3/2023	$47.00 → $36.00	Buy → Hold	Deutsche Bank
9/13/2023	$52.00	Buy	UBS

More analyst ratings

SEC Form SC 13G/A filed

Chat with this insight

Recent Analyst Ratings for $BWA

$BWA Financials

Live finance-specific insights

BORGWARNER DECLARES QUARTERLY DIVIDEND

BorgWarner Reports Third Quarter 2024 Results; Increases Full-Year Adjusted Operating Margin and EPS Guidance; Completes $400 Million Share Repurchase Plan

Webcast Alert: BorgWarner 2024 Third Quarter Results Conference Call

$BWA Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by BorgWarner Inc.

SEC Form SC 13G/A filed by BorgWarner Inc. (Amendment)

SEC Form SC 13G/A filed by BorgWarner Inc. (Amendment)

$BWA Market Insights

Live Market Insights

B of A Securities Maintains Buy on BorgWarner, Lowers Price Target to $45

JP Morgan Maintains Overweight on BorgWarner, Lowers Price Target to $50

Analyst Scoreboard: 9 Ratings For BorgWarner

$BWA Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Vice President Demmerle Stefan sold $748,077 worth of shares (21,500 units at $34.79), decreasing direct ownership by 9% to 227,513 units (SEC Form 4)

Vice President Weng Volker sold $690,788 worth of shares (20,000 units at $34.54), decreasing direct ownership by 22% to 72,272 units (SEC Form 4)

President and CEO Lissalde Frederic sold $5,329,755 worth of shares (154,000 units at $34.61), decreasing direct ownership by 37% to 259,957 units (SEC Form 4)

$BWA Press Releases

Fastest customizable press release news feed in the world

BorgWarner Included in Forbes' list of America's Best Employers for Engineers 2025 List

BorgWarner Announces CEO Succession Plan

BORGWARNER DECLARES QUARTERLY DIVIDEND

$BWA SEC Filings

BorgWarner Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by BorgWarner Inc.

BorgWarner Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$BWA Leadership Updates

Live Leadership Updates

$BWA Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

BorgWarner Announces Appointment of Joseph Fadool as Chief Operating Officer

BorgWarner Announces Appointment of Chief Accounting Officer

BorgWarner Announces CFO Succession Plan

Deutsche Bank resumed coverage on BorgWarner with a new price target

Wolfe Research resumed coverage on BorgWarner

Piper Sandler initiated coverage on BorgWarner with a new price target

Recent Analyst Ratings for
$BWA

$BWA
Financials

$BWA
Large Ownership Changes

$BWA
Market Insights

$BWA
Insider Trading

$BWA
Press Releases

$BWA
SEC Filings

$BWA
Leadership Updates

$BWA
Analyst Ratings