Vanguard Group Inc. Sells 644,266 Shares of BorgWarner Inc. (NYSE:BWA)

Vanguard Group Inc. lowered its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,641,538 shares of the auto parts company's stock after selling 644,266 shares during the quarter. Vanguard Group Inc. owned about 11.72% of BorgWarner worth $815,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in BorgWarner in the 4th quarter valued at $571,000. KLP Kapitalforvaltning AS acquired a new stake in shares of BorgWarner in the fourth quarter valued at about $2,152,000. Sei Investments Co. increased its stake in shares of BorgWarner by 12.9% in the fourth quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company's stock worth $78,561,000 after purchasing an additional 282,659 shares during the period. American Century Companies Inc. lifted its position in shares of BorgWarner by 20.5% during the 4th quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock worth $116,230,000 after purchasing an additional 621,243 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of BorgWarner during the 4th quarter worth about $378,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insiders Place Their Bets

In other 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 value of $690,960.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.45% of the company's stock.

Remove Ads

BorgWarner Price Performance

Shares of BWA traded down $1.91 on Thursday, hitting $27.22. The company's stock had a trading volume of 3,155,649 shares, compared to its average volume of 2,774,149. The company has a 50 day moving average price of $29.77 and a 200 day moving average price of $32.32. BorgWarner Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $38.23. The company has a market capitalization of $5.98 billion, a PE ratio of 19.03, a PEG 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.

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

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.62%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Several research analysts have commented on BWA shares. Wells Fargo & Company lifted their price target on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Barclays dropped their target price 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. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Piper Sandler dropped their price objective on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Finally, Evercore ISI cut their price objective on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.06.

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.