Generali Asset Management SPA SGR Buys Shares of 1,863 BorgWarner Inc. (NYSE:BWA)

Generali Asset Management SPA SGR bought a new stake in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,863 shares of the auto parts company’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of BorgWarner in the 3rd quarter worth approximately $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner in the 3rd quarter worth approximately $62,000. Finally, Principal Securities Inc. lifted its holdings in shares of BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 720 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction 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 represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Piper Sandler decreased their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, March 14th. Wells Fargo & Company upped their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

BorgWarner Trading Down 0.9 %

Shares of NYSE:BWA opened at $28.68 on Friday. BorgWarner Inc. has a 52 week low of $27.65 and a 52 week high of $38.23. The company’s 50 day moving average is $30.36 and its two-hundred day moving average is $32.54. 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 company has a market cap of $6.27 billion, a PE ratio of 20.06, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

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.