BorgWarner Inc. (NYSE:BWA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,503 shares of the auto parts company’s stock after selling 1,439 shares during the period. Mutual of America Capital Management LLC’s holdings in BorgWarner were worth $1,129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Executive Wealth Management LLC lifted its position in BorgWarner by 9.8% during the fourth quarter. Executive Wealth Management LLC now owns 42,922 shares of the auto parts company’s stock valued at $1,539,000 after buying an additional 3,840 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in BorgWarner by 22.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 459,204 shares of the auto parts company’s stock valued at $16,462,000 after buying an additional 84,586 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its stake in shares of BorgWarner by 5.3% during the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 45,087 shares of the auto parts company’s stock valued at $1,616,000 after purchasing an additional 2,284 shares during the period. International Assets Investment Management LLC raised its stake 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 valued at $25,110,000 after purchasing an additional 47,581 shares during the period. Finally, Edmp Inc. raised its stake in shares of BorgWarner by 19.3% during the fourth quarter. Edmp Inc. now owns 30,780 shares of the auto parts company’s stock valued at $1,100,000 after purchasing an additional 4,981 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWA has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Robert W. Baird lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Piper Sandler initiated coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective on the stock. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company dropped their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Eight 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 a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Activity

In other news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 287,503 shares of company stock valued at $9,015,478. 0.63% of the stock is currently owned by company insiders.

BorgWarner Stock Performance

BorgWarner stock opened at $33.09 on Tuesday. The company has a market cap of $7.60 billion, a PE ratio of 12.39, a P/E/G ratio of 0.98 and a beta of 1.30. The company has a fifty day moving average price of $32.53 and a two-hundred day moving average price of $34.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04.

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

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, February 29th. BorgWarner’s dividend payout ratio (DPR) is 16.48%.

About BorgWarner

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.