BorgWarner Inc. (NYSE:BWA) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,460 shares of the auto parts company's stock after selling 112,719 shares during the quarter. Prudential Financial Inc. owned about 0.10% of BorgWarner worth $6,691,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in BorgWarner in the third quarter valued at $32,000. True Wealth Design LLC acquired a new position in BorgWarner in the 3rd quarter valued at about $38,000. Avior Wealth Management LLC raised its stake in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in BorgWarner during the 4th quarter worth approximately $59,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BWA shares. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Wells Fargo & Company raised their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Evercore ISI dropped their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective 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, StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $39.06.

Remove Ads

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the 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 transaction, the executive vice president now directly owns 39,110 shares in the company, 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. In the last quarter, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by insiders.

BorgWarner Price Performance

NYSE:BWA traded down $1.79 during mid-day trading on Thursday, hitting $27.33. 1,208,515 shares of the company's stock traded hands, compared to its average volume of 3,511,719. BorgWarner Inc. has a 1 year low of $27.26 and a 1 year high of $38.22. The company has a market cap of $6.00 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. 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 firm's 50 day simple moving average is $29.87 and its 200 day simple moving average is $32.36.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio 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.