Xponance Inc. Buys 45,049 Shares of BorgWarner Inc. (NYSE:BWA)

Xponance Inc. boosted its position in shares of BorgWarner Inc. (NYSE:BWA) by 178.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 have also recently made changes to their positions in the company. Truist Financial Corp grew its position in BorgWarner by 4.0% during the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after acquiring an additional 595 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of BorgWarner by 96.3% in the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of BorgWarner during the fourth quarter valued at approximately $1,197,000. Wellington Management Group LLP grew its stake in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after acquiring an additional 394 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new stake in BorgWarner during the 3rd quarter valued at about $908,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $28.68 on Friday. BorgWarner Inc. has a one year low of $27.65 and a one year high of $38.23. The stock has a fifty day moving average of $30.36 and a 200-day moving average of $32.54. The company has a market capitalization of $6.27 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid 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 presently 30.77%.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction that occurred 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 directly owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock worth $1,347,701. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, March 14th. Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Morgan Stanley dropped their price objective on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Piper Sandler reduced their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.