BorgWarner Inc. $BWA Shares Sold by Ruffer LLP

Ruffer LLP lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 57.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,181 shares of the auto parts company’s stock after selling 122,326 shares during the period. Ruffer LLP’s holdings in BorgWarner were worth $4,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new position in BorgWarner in the second quarter valued at about $110,234,000. AQR Capital Management LLC grew its stake in shares of BorgWarner by 307.1% in the second quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock valued at $114,153,000 after buying an additional 2,582,105 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of BorgWarner by 233.6% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock valued at $37,196,000 after buying an additional 778,000 shares during the period. Balyasny Asset Management L.P. purchased a new position in BorgWarner in the 2nd quarter worth approximately $22,590,000. Finally, Covalis Capital LLP acquired a new stake in BorgWarner in the second quarter valued at approximately $16,171,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the vice president owned 204,040 shares in the company, valued at approximately $9,385,840. The trade was a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Isabelle Mckenzie sold 3,200 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total value of $141,536.00. Following the sale, the vice president directly owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,200 shares of company stock valued at $1,054,336 over the last 90 days. 0.63% of the stock is currently owned by insiders.

BorgWarner Trading Down 0.3%

BorgWarner stock opened at $48.30 on Thursday. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $48.93. The stock has a market capitalization of $10.33 billion, a PE ratio of 76.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.06. The firm has a 50 day simple moving average of $45.46 and a 200-day simple moving average of $43.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.4%. BorgWarner’s dividend payout ratio is currently 107.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BWA shares. Robert W. Baird set a $55.00 price objective on shares of BorgWarner in a report on Wednesday, January 14th. Zacks Research downgraded BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. JPMorgan Chase & Co. lifted their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, January 21st. Finally, Piper Sandler reissued a “neutral” rating and set a $51.00 price target (down previously from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $47.31.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.