abrdn plc Has $584,000 Position in BorgWarner Inc. (NYSE:BWA)

abrdn plc trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 53.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,443 shares of the auto parts company's stock after selling 21,166 shares during the quarter. abrdn plc's holdings in BorgWarner were worth $584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in BorgWarner by 153.3% in the 3rd quarter. CWM LLC now owns 30,680 shares of the auto parts company's stock valued at $1,113,000 after purchasing an additional 18,570 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of BorgWarner by 76.4% in the third quarter. Exchange Traded Concepts LLC now owns 37,794 shares of the auto parts company's stock valued at $1,372,000 after acquiring an additional 16,368 shares during the period. Swedbank AB boosted its position in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock valued at $30,633,000 after acquiring an additional 593,265 shares during the period. Kopion Asset Management LLC boosted its position in shares of BorgWarner by 2.9% in the third quarter. Kopion Asset Management LLC now owns 368,770 shares of the auto parts company's stock valued at $13,383,000 after acquiring an additional 10,509 shares during the period. Finally, Twelve Points Wealth Management LLC boosted its holdings in BorgWarner by 16.6% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 44,058 shares of the auto parts company's stock valued at $1,599,000 after purchasing an additional 6,262 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Price Performance

NYSE:BWA traded up $0.84 on Friday, hitting $30.24. The company had a trading volume of 2,915,066 shares, compared to its average volume of 2,566,885. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 0.63 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $31.95 and a two-hundred day moving average of $33.18. BorgWarner Inc. has a 52 week low of $28.65 and a 52 week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, research analysts anticipate that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.46%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares of the company's stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Barclays cut their target price on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and a consensus price target of $40.20.

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.