Xponance Inc. Increases Stock Position in BorgWarner Inc. (NYSE:BWA)

Xponance Inc. lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 178.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,249 shares of the auto parts company's stock after acquiring an additional 45,049 shares during the period. Xponance Inc.'s holdings in BorgWarner were worth $2,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in BorgWarner by 786.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 85,296 shares of the auto parts company's stock valued at $3,095,000 after acquiring an additional 75,671 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of BorgWarner by 7.1% during the third quarter. Prospera Financial Services Inc now owns 11,892 shares of the auto parts company's stock valued at $432,000 after purchasing an additional 787 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in shares of BorgWarner by 20.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 10,353 shares of the auto parts company's stock worth $376,000 after purchasing an additional 1,726 shares in the last quarter. Commerce Bank grew its stake in shares of BorgWarner by 7.9% in the 3rd quarter. Commerce Bank now owns 23,459 shares of the auto parts company's stock worth $851,000 after buying an additional 1,712 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in BorgWarner by 61.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,681 shares of the auto parts company's stock valued at $605,000 after buying an additional 6,373 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

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Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

Shares of NYSE BWA traded up $0.16 during midday trading on Tuesday, hitting $29.61. 329,745 shares of the company's stock traded hands, compared to its average volume of 2,646,180. The firm has a fifty day moving average of $30.31 and a 200 day moving average of $32.51. 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 stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen downgraded 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. Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Piper Sandler reduced their price objective 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. Guggenheim set a $38.00 target price on shares of BorgWarner in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.06.

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.