BorgWarner Inc. (NYSE:BWA) Shares Sold by AGF Management Ltd.

AGF Management Ltd. lowered its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,022 shares of the auto parts company's stock after selling 18,418 shares during the quarter. AGF Management Ltd.'s holdings in BorgWarner were worth $2,353,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BWA. Studio Investment Management LLC increased its position in shares of BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock worth $102,000 after acquiring an additional 310 shares during the period. Avior Wealth Management LLC raised its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 342 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after buying an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after buying an additional 393 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after buying an additional 394 shares during the period. Institutional investors own 95.67% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were 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 of the company's stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Performance

NYSE:BWA traded up $0.14 during trading hours on Wednesday, reaching $28.96. The company had a trading volume of 3,089,470 shares, compared to its average volume of 2,468,906. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 1-year low of $27.65 and a 1-year high of $38.23. The business's 50 day moving average price is $30.50 and its 200-day moving average price is $32.63. The firm has a market cap of $6.33 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. BorgWarner's dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. TD Cowen cut BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Friday, March 7th. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Wells Fargo & Company raised their price objective on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Barclays reduced their target price on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.27.

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.