River Global Investors LLP Sells 4,584 Shares of BorgWarner Inc. (NYSE:BWA)

River Global Investors LLP cut its stake in BorgWarner Inc. (NYSE:BWA) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,779 shares of the auto parts company’s stock after selling 4,584 shares during the quarter. River Global Investors LLP’s holdings in BorgWarner were worth $1,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Bank of Canada FI lifted its position in BorgWarner by 5.8% during the fourth quarter. National Bank of Canada FI now owns 56,427 shares of the auto parts company’s stock valued at $2,028,000 after buying an additional 3,099 shares during the period. Todd Asset Management LLC increased its stake in shares of BorgWarner by 17.0% in the 4th quarter. Todd Asset Management LLC now owns 797,596 shares of the auto parts company’s stock worth $28,594,000 after acquiring an additional 115,630 shares in the last quarter. Power Wealth Management LLC purchased a new position in BorgWarner during the 4th quarter valued at about $243,000. Malaga Cove Capital LLC boosted its stake in BorgWarner by 44.4% during the fourth quarter. Malaga Cove Capital LLC now owns 20,932 shares of the auto parts company’s stock worth $750,000 after acquiring an additional 6,439 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in BorgWarner by 187.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,714 shares of the auto parts company’s stock worth $205,000 after purchasing an additional 3,725 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction on 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 in the company, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 287,503 shares of company stock worth $9,015,478. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of BorgWarner stock traded up $0.81 during trading hours on Friday, reaching $36.44. 4,825,565 shares of the stock traded hands, compared to its average volume of 2,527,433. BorgWarner Inc. has a one year low of $29.51 and a one year high of $50.04. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average price of $33.10 and a 200 day moving average price of $33.72.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that BorgWarner Inc. will post 3.94 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.11 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. BorgWarner’s dividend payout ratio is currently 16.67%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Oppenheimer boosted their price target on BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird raised their price target on BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company upped their price target on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler assumed coverage on shares of BorgWarner in a report on Friday, March 15th. They issued an “overweight” rating and a $43.00 target price for the company. Finally, BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.93.

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.