Schroder Investment Management Group Reduces Stock Position in BorgWarner Inc. (NYSE:BWA)

Schroder Investment Management Group lessened its stake in BorgWarner Inc. (NYSE:BWA) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,935 shares of the auto parts company’s stock after selling 25,135 shares during the period. Schroder Investment Management Group’s holdings in BorgWarner were worth $4,143,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BWA. Avior Wealth Management LLC increased its position in shares of BorgWarner by 31.3% in 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 last quarter. Generali Asset Management SPA SGR bought a new stake in BorgWarner in the fourth quarter valued at about $59,000. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner during the third quarter valued at approximately $62,000. Principal Securities Inc. lifted its holdings in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after buying an additional 720 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in BorgWarner by 126.2% during the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company’s stock worth $76,000 after buying an additional 1,326 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Down 4.7 %

BorgWarner stock opened at $25.92 on Friday. The company’s 50-day moving average price is $29.63 and its two-hundred day moving average price is $32.27. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 52 week low of $24.66 and a 52 week high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

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

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.70%. BorgWarner’s dividend payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

BWA has been the topic of several research analyst reports. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

Insider Buying and Selling

In other news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred 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 owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last three months. Company insiders own 0.45% of the company’s stock.

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.