BorgWarner Inc. (NYSE:BWA) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lessened its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,998 shares of the auto parts company's stock after selling 11,227 shares during the period. Koss Olinger Consulting LLC's holdings in BorgWarner were worth $1,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in BorgWarner by 3.5% in the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company's stock worth $231,376,000 after purchasing an additional 217,050 shares during the period. Pacer Advisors Inc. increased its stake in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company's stock valued at $168,638,000 after acquiring an additional 4,625,685 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company's stock valued at $100,309,000 after buying an additional 445,540 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in BorgWarner by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company's stock valued at $81,553,000 after acquiring an additional 60,935 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in BorgWarner by 22.5% during the fourth quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company's stock worth $62,427,000 after buying an additional 361,112 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

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Insiders Place Their Bets

In other news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value 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 represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company's stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on BWA. Guggenheim set a $38.00 price objective on shares of BorgWarner in a research note on Wednesday, March 5th. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. The Goldman Sachs Group cut their price objective on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Piper Sandler cut their price objective on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, BorgWarner has a consensus rating of "Moderate Buy" and a consensus target price of $39.06.

BorgWarner Stock Down 0.9 %

Shares of BorgWarner stock traded down $0.27 during trading on Friday, hitting $28.68. The company's stock had a trading volume of 55,738,370 shares, compared to its average volume of 2,644,216. BorgWarner Inc. has a 52 week low of $27.65 and a 52 week high of $38.23. 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 company has a market capitalization of $6.30 billion, a PE ratio of 20.06, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a fifty day simple moving average of $30.36 and a two-hundred day simple moving average of $32.54.

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

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 1.53%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

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.