Allspring Global Investments Holdings LLC Lowers Stock Position in BorgWarner Inc. (NYSE:BWA)

Allspring Global Investments Holdings LLC cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 85.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,981 shares of the auto parts company’s stock after selling 132,512 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BorgWarner were worth $788,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of BorgWarner during the 3rd quarter valued at $28,000. Sound Income Strategies LLC purchased a new stake in shares of BorgWarner during the 4th quarter valued at $32,000. Bruce G. Allen Investments LLC purchased a new stake in BorgWarner during the 4th quarter worth $33,000. Trust Co. of Vermont boosted its position in BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 980 shares during the period. Finally, NBC Securities Inc. purchased a new stake in BorgWarner during the 3rd quarter worth $51,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the sale, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction dated 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 sale, the chief accounting officer now 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 hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. 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 over the last quarter. 0.63% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $33.65 on Thursday. The firm has a market cap of $7.73 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31. The firm’s 50-day simple moving average is $32.58 and its 200-day simple moving average is $34.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04.

BorgWarner (NYSE:BWA) last issued its earnings results 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). The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 EPS. Equities analysts forecast that BorgWarner Inc. will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.31%. BorgWarner’s dividend payout ratio (DPR) is 16.48%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Robert W. Baird cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Finally, TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

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.