Thrivent Financial for Lutherans Sells 9,696 Shares of BorgWarner Inc. (NYSE:BWA)

Thrivent Financial for Lutherans trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,600 shares of the auto parts company’s stock after selling 9,696 shares during the quarter. Thrivent Financial for Lutherans’ holdings in BorgWarner were worth $2,403,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BWA. Signaturefd LLC increased its position in shares of BorgWarner by 32.2% during the fourth quarter. Signaturefd LLC now owns 3,989 shares of the auto parts company’s stock valued at $127,000 after buying an additional 972 shares during the period. Cibc World Markets Corp grew its stake in BorgWarner by 39.8% during the fourth quarter. Cibc World Markets Corp now owns 24,635 shares of the auto parts company’s stock valued at $783,000 after acquiring an additional 7,014 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in BorgWarner by 79.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,487 shares of the auto parts company’s stock worth $556,000 after acquiring an additional 7,722 shares during the period. Natixis Advisors LLC lifted its stake in BorgWarner by 10.8% in the 4th quarter. Natixis Advisors LLC now owns 836,303 shares of the auto parts company’s stock worth $26,586,000 after purchasing an additional 81,308 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its holdings in BorgWarner by 811.6% in the 4th quarter. Picton Mahoney Asset Management now owns 5,716 shares of the auto parts company’s stock valued at $183,000 after purchasing an additional 5,089 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

NYSE BWA opened at $28.81 on Friday. The company has a 50-day simple moving average of $30.16 and a two-hundred day simple moving average of $32.45. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month high of $38.23. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.77 and a beta of 1.21. 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 issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating 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, equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued 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 yield of 1.53%. BorgWarner’s dividend payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Piper Sandler lowered their price target on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $39.06.

Insider Buying and Selling at BorgWarner

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

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.