BorgWarner Inc. (NYSE:BWA) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 15.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,428,095 shares of the auto parts company's stock after selling 956,271 shares during the period. Geode Capital Management LLC owned about 2.48% of BorgWarner worth $172,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in BorgWarner by 11.0% during the third quarter. Integrated Wealth Concepts LLC now owns 17,709 shares of the auto parts company's stock worth $643,000 after buying an additional 1,752 shares during the period. Quantinno Capital Management LP lifted its stake in shares of BorgWarner by 11.0% during the 3rd quarter. Quantinno Capital Management LP now owns 83,656 shares of the auto parts company's stock worth $3,036,000 after purchasing an additional 8,294 shares during the last quarter. Stifel Financial Corp boosted its position in BorgWarner by 10.1% during the third quarter. Stifel Financial Corp now owns 36,365 shares of the auto parts company's stock valued at $1,320,000 after purchasing an additional 3,337 shares in the last quarter. Wellington Management Group LLP grew its stake in BorgWarner by 1.4% in 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 purchasing an additional 394 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings in BorgWarner by 8.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 140,703 shares of the auto parts company's stock worth $4,855,000 after purchasing an additional 11,226 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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BorgWarner Stock Performance

NYSE BWA traded up $0.55 during trading hours on Friday, reaching $26.22. The stock had a trading volume of 2,225,842 shares, compared to its average volume of 2,803,080. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $38.23. The stock has a fifty day moving average of $28.75 and a 200 day moving average of $31.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a market cap of $5.76 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following 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 disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last quarter. 0.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and raised their price target for the company from $31.00 to $34.00 in a report on Thursday. Piper Sandler lowered their target price on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.56.

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.