BorgWarner Inc. (NYSE:BWA) Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,641,538 shares of the auto parts company’s stock after selling 644,266 shares during the period. Vanguard Group Inc. owned 0.12% of BorgWarner worth $815,144,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC bought a new position in shares of BorgWarner during the third quarter valued at approximately $38,000. Avior Wealth Management LLC raised its position in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the period. Generali Asset Management SPA SGR bought a new stake in shares of BorgWarner in the 4th quarter worth approximately $59,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in BorgWarner during the 3rd quarter valued at approximately $62,000. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Trading Down 2.3 %

Shares of BWA stock opened at $28.18 on Friday. The stock has a 50-day simple moving average of $30.08 and a 200 day simple moving average of $32.42. The stock has a market capitalization of $6.19 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.56%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

BWA has been the topic of several analyst reports. Guggenheim set a $38.00 target price on BorgWarner in a research report on Wednesday, March 5th. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Morgan Stanley cut their price objective on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. Finally, Piper Sandler dropped their price target on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $39.06.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 in the last three months. 0.45% of the stock is currently owned by corporate insiders.

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.