Skandinaviska Enskilda Banken AB publ Purchases 51,331 Shares of BorgWarner Inc. (NYSE:BWA)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 33,770.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,483 shares of the auto parts company's stock after acquiring an additional 51,331 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in BorgWarner were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Studio Investment Management LLC grew its holdings in shares of BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock worth $102,000 after purchasing an additional 310 shares during the last quarter. Avior Wealth Management LLC boosted its position 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 buying an additional 342 shares during the period. Janney Montgomery Scott LLC grew its holdings in BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after acquiring an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock valued at $2,421,000 after acquiring an additional 393 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after acquiring an additional 394 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have weighed in on BWA. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Piper Sandler decreased their target price on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday. The Goldman Sachs Group cut their price target on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. 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. Finally, Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.06.

BorgWarner Stock Down 0.9 %

NYSE:BWA traded down $0.27 during trading hours on Friday, reaching $28.68. 55,738,370 shares of the company traded hands, compared to its average volume of 2,676,824. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $30.40 and its two-hundred day moving average price is $32.58. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. The stock has a market capitalization of $6.27 billion, a P/E 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 quarterly earnings results 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 net margin of 2.40% and a return on equity of 15.93%. Analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insider Activity at BorgWarner

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 directly owns 39,110 shares in the company, 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 can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 over the last 90 days. Corporate 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.