Natixis Advisors LLC Acquires 81,308 Shares of BorgWarner Inc. (NYSE:BWA)

Natixis Advisors LLC lifted its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 836,303 shares of the auto parts company's stock after acquiring an additional 81,308 shares during the period. Natixis Advisors LLC owned 0.38% of BorgWarner worth $26,586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BWA. Brooklyn Investment Group bought a new stake in BorgWarner in the third quarter valued at $32,000. True Wealth Design LLC acquired a new stake in shares of BorgWarner in the 3rd quarter valued at about $38,000. Avior Wealth Management LLC increased its position in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after buying an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner during the 3rd quarter worth approximately $62,000. Finally, Principal Securities Inc. boosted its holdings in BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after acquiring an additional 720 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BWA. Wells Fargo & Company boosted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Piper Sandler reduced their price target on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Thursday. 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 report on Tuesday, February 11th. Guggenheim set a $38.00 price objective on shares of BorgWarner in a report on Wednesday, March 5th. Finally, Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.06.

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BorgWarner Stock Performance

BorgWarner stock traded down $0.27 during mid-day trading on Friday, reaching $28.68. 55,738,370 shares of the company's stock were exchanged, compared to its average volume of 2,676,824. The business's fifty day simple moving average is $30.40 and its 200 day simple moving average is $32.58. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a one year low of $27.65 and a one year high of $38.23. The firm has a market capitalization of $6.27 billion, a PE ratio of 20.06, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) 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%. On average, sell-side analysts expect 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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insider Activity

In related news, 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 sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 in the last three months. Company insiders own 0.45% of the company's stock.

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.