BorgWarner Inc. (NYSE:BWA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 468,222 shares of the auto parts company's stock after selling 46,592 shares during the period. Wells Fargo & Company MN owned about 0.21% of BorgWarner worth $14,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC lifted its stake 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 valued at $46,000 after purchasing an additional 342 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $62,000. Generali Asset Management SPA SGR acquired a new stake in shares of BorgWarner in the 4th quarter worth approximately $59,000. Principal Securities Inc. increased its stake in BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after purchasing an additional 720 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in BorgWarner by 126.2% during the fourth quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company's stock worth $76,000 after purchasing an additional 1,326 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Trading Up 1.5 %

Shares of BorgWarner stock traded up $0.40 during trading hours on Friday, hitting $26.42. The company's stock had a trading volume of 1,371,504 shares, compared to its average volume of 2,793,467. 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 company has a market capitalization of $5.80 billion, a PE ratio of 18.47, a P/E/G ratio of 0.77 and a beta of 1.12. The business has a fifty day moving average of $28.38 and a 200 day moving average of $31.58. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 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%. As a group, equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. BorgWarner's payout ratio is 30.77%.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of research reports. Guggenheim set a $38.00 target price on shares of BorgWarner in a research report on Wednesday, March 5th. StockNews.com downgraded BorgWarner from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and increased their price objective for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Piper Sandler cut their target price on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, Morgan Stanley decreased their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.50.

Insider Activity

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following 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 represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.63% of the stock is currently owned by insiders.

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.