Beverly Hills Private Wealth LLC Sells 4,562 Shares of BorgWarner Inc. (NYSE:BWA)

Beverly Hills Private Wealth LLC decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 40.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,806 shares of the auto parts company’s stock after selling 4,562 shares during the period. Beverly Hills Private Wealth LLC’s holdings in BorgWarner were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BWA. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of BorgWarner by 9.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock valued at $25,094,000 after buying an additional 59,925 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of BorgWarner in the 4th quarter valued at $509,000. Sprucegrove Investment Management Ltd. increased its position in shares of BorgWarner by 5.5% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 385,827 shares of the auto parts company’s stock valued at $13,832,000 after buying an additional 20,200 shares in the last quarter. Cerity Partners LLC increased its position in shares of BorgWarner by 3.3% in the 4th quarter. Cerity Partners LLC now owns 315,310 shares of the auto parts company’s stock valued at $11,303,000 after buying an additional 10,040 shares in the last quarter. Finally, Executive Wealth Management LLC increased its position in shares of BorgWarner by 9.8% in the 4th quarter. Executive Wealth Management LLC now owns 42,922 shares of the auto parts company’s stock valued at $1,539,000 after buying an additional 3,840 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 2.1 %

BorgWarner stock opened at $32.43 on Wednesday. The stock has a market cap of $7.45 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.00 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The company’s 50-day moving average price is $32.52 and its two-hundred day moving average price is $34.23.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts expect that BorgWarner Inc. will post 3.9 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. BorgWarner’s dividend payout ratio is presently 16.48%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BWA. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Piper Sandler began coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, Robert W. Baird downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the sale, the chief accounting officer now owns 83,348 shares in the company, valued at approximately $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the sale, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 287,503 shares of company stock valued at $9,015,478. 0.63% of the stock is currently owned by company insiders.

About BorgWarner

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.