BorgWarner Inc. (NYSE:BWA) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in BorgWarner Inc. (NYSE:BWA) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,173 shares of the auto parts company’s stock after selling 4,486 shares during the quarter. Xponance Inc.’s holdings in BorgWarner were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BWA. Victory Capital Management Inc. lifted its position in BorgWarner by 1.2% during the third quarter. Victory Capital Management Inc. now owns 8,719,779 shares of the auto parts company’s stock valued at $352,017,000 after purchasing an additional 106,453 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of BorgWarner by 3.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after buying an additional 166,007 shares during the last quarter. Boston Partners grew its holdings in BorgWarner by 58.9% during the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock worth $211,762,000 after acquiring an additional 1,951,783 shares during the period. Invesco Ltd. raised its position in BorgWarner by 30.4% during the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after acquiring an additional 1,024,361 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in BorgWarner by 18.3% in the third quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock valued at $169,132,000 after acquiring an additional 648,633 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BWA. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. TheStreet cut shares of BorgWarner from a “b-” rating to a “c+” rating in a report 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 target price on the stock. Barclays lifted their price target on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group lowered their price target on BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $44.30.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other BorgWarner news, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the sale, the vice president now owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock valued at $9,015,478 in the last three months. 0.63% of the stock is currently owned by insiders.

BorgWarner Price Performance

BorgWarner stock opened at $33.65 on Thursday. The company has a fifty day simple moving average of $32.58 and a 200-day simple moving average of $34.00. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.99 and a beta of 1.31. 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 52-week low of $29.51 and a 52-week high of $50.04.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. On average, equities analysts anticipate that BorgWarner Inc. will post 3.9 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, February 29th. BorgWarner’s dividend payout ratio (DPR) is currently 16.48%.

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.