Capital Fund Management S.A. Has $1.89 Million Stake in BorgWarner Inc. (NYSE:BWA)

Capital Fund Management S.A. cut its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 34.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,330 shares of the auto parts company's stock after selling 30,935 shares during the period. Capital Fund Management S.A.'s holdings in BorgWarner were worth $1,886,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner in the 4th quarter valued at approximately $45,000. Avior Wealth Management LLC grew its position in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of BorgWarner during the 4th quarter worth $59,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of BorgWarner in the 3rd quarter valued at $62,000. Finally, Principal Securities Inc. lifted its stake in shares of BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Stock Performance

Shares of BWA stock traded up $0.40 during mid-day trading on Friday, reaching $26.42. The stock had a trading volume of 1,371,504 shares, compared to its average volume of 2,790,445. The firm has a market cap of $5.80 billion, a PE ratio of 18.47, a P/E/G ratio of 0.77 and a beta of 1.12. 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 Inc. has a one year low of $24.40 and a one year high of $38.23. The firm's 50 day simple moving average is $28.44 and its 200 day simple moving average is $31.64.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. On average, analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. BorgWarner's payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BWA. Barclays cut their target price on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday. Guggenheim set a $38.00 price objective on BorgWarner in a research note on Wednesday, March 5th. Piper Sandler decreased their target price on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, BNP Paribas raised shares of 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. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of BorgWarner 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 transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the 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 sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at $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 ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.63% 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.