Leeward Investments LLC MA Sells 119,913 Shares of BorgWarner Inc. (NYSE:BWA)

Leeward Investments LLC MA lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 38.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,089 shares of the auto parts company’s stock after selling 119,913 shares during the period. Leeward Investments LLC MA’s holdings in BorgWarner were worth $6,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BWA. UMB Bank n.a. lifted its stake in BorgWarner by 7.1% in the 3rd quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock valued at $200,000 after purchasing an additional 327 shares during the last quarter. NewEdge Wealth LLC increased its position in BorgWarner by 5.8% in the 3rd quarter. NewEdge Wealth LLC now owns 6,206 shares of the auto parts company’s stock valued at $251,000 after acquiring an additional 339 shares during the period. Global Retirement Partners LLC increased its position in BorgWarner by 14.4% in the 3rd quarter. Global Retirement Partners LLC now owns 2,800 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 353 shares during the period. Bank of Nova Scotia increased its position in BorgWarner by 1.8% in the 3rd quarter. Bank of Nova Scotia now owns 21,842 shares of the auto parts company’s stock valued at $882,000 after acquiring an additional 389 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in BorgWarner by 4.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 9,391 shares of the auto parts company’s stock valued at $379,000 after acquiring an additional 390 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.37 during trading on Friday, reaching $33.19. The company had a trading volume of 1,825,534 shares, compared to its average volume of 2,833,684. The company has a fifty day moving average of $32.65 and a two-hundred day moving average of $33.99. The stock has a market capitalization of $7.63 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the company posted $1.26 EPS. BorgWarner’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts forecast that BorgWarner Inc. will post 3.89 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is 16.48%.

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,503 shares of company stock valued at $9,015,478. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Robert W. Baird cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Finally, Piper Sandler started coverage on shares of BorgWarner in a report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price target for the company. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $44.30.

BorgWarner Company 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.