BorgWarner Inc. (NYSE:BWA) Shares Sold by Community Bank N.A.

Community Bank N.A. trimmed its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 33.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,080 shares of the auto parts company's stock after selling 10,595 shares during the quarter. Community Bank N.A.'s holdings in BorgWarner were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Avior Wealth Management LLC grew its holdings 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 acquiring an additional 342 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after buying an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of BorgWarner by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock valued at $2,421,000 after buying an additional 393 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of BorgWarner by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock valued at $1,537,000 after buying an additional 450 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction dated 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 owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly 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 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. Insiders own 0.45% of the company's stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $28.68 on Monday. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The business has a 50-day moving average of $30.36 and a two-hundred day moving average of $32.53. The stock has a market capitalization of $6.30 billion, a P/E ratio of 20.06, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

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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 for the quarter, topping 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, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. BorgWarner's dividend payout ratio is presently 30.77%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BWA shares. Wells Fargo & Company lifted their price target on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. StockNews.com downgraded BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, March 14th. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Tuesday, March 18th. 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. Finally, JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and an average target price of $39.06.

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.

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