Mawer Investment Management Ltd. Sells 82,685 Shares of BorgWarner Inc. (NYSE:BWA)

Mawer Investment Management Ltd. reduced its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,081,217 shares of the auto parts company's stock after selling 82,685 shares during the period. Mawer Investment Management Ltd. owned approximately 0.49% of BorgWarner worth $34,372,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at about $38,000. Avior Wealth Management LLC increased its position in shares of 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 purchasing an additional 342 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in BorgWarner in the fourth quarter valued at approximately $59,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in BorgWarner during the third quarter valued at approximately $62,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BWA. Barclays lowered their price objective 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. BNP Paribas upgraded 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. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.06.

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BorgWarner Stock Down 5.4 %

Shares of NYSE:BWA traded down $1.57 during trading on Thursday, hitting $27.55. The stock had a trading volume of 916,668 shares, compared to its average volume of 2,763,788. The company has a market capitalization of $6.05 billion, a PE ratio of 19.27, a PEG ratio of 0.77 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average is $29.87 and its 200 day moving average is $32.36. BorgWarner Inc. has a 12 month low of $27.42 and a 12 month high of $38.23.

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

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction 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 directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner 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 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 represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

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.