Federated Hermes Inc. Reduces Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Federated Hermes Inc. lowered its position in BorgWarner Inc. (NYSE:BWA) by 29.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,102 shares of the auto parts company’s stock after selling 54,537 shares during the quarter. Federated Hermes Inc. owned about 0.05% of BorgWarner worth $4,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Parkside Investments LLC boosted its stake in BorgWarner by 28.7% during the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after buying an additional 43,955 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in BorgWarner by 9.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock worth $25,094,000 after buying an additional 59,925 shares during the period. Kennedy Capital Management LLC purchased a new position in BorgWarner during the third quarter worth about $833,000. O Shaughnessy Asset Management LLC boosted its stake in BorgWarner by 24.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock worth $7,305,000 after buying an additional 35,986 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of BorgWarner in the third quarter valued at approximately $69,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the transaction, the vice president now owns 111,964 shares in the company, valued at $3,678,017.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 287,503 shares of company stock worth $9,015,478. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 1.1 %

BWA stock opened at $33.19 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The company’s 50 day moving average is $32.65 and its two-hundred day moving average is $33.99. The stock has a market cap of $7.63 billion, a P/E ratio of 12.43, a PEG ratio of 1.01 and a beta of 1.31.

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 return on equity of 14.69% and a net margin of 3.94%. 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 business posted $1.26 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts expect that BorgWarner Inc. will post 3.89 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BWA. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Piper Sandler began coverage on shares of BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective for the company. Finally, BNP Paribas lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $43.00 to $35.00 in a research note on Tuesday, February 20th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.30.

BorgWarner 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.