PFG Investments LLC Lowers Stock Position in BorgWarner Inc. (NYSE:BWA)

PFG Investments LLC cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 17.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,638 shares of the auto parts company’s stock after selling 1,649 shares during the period. PFG Investments LLC’s holdings in BorgWarner were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of BorgWarner by 3.7% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,487 shares of the auto parts company’s stock valued at $266,000 after acquiring an additional 302 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of BorgWarner by 7.5% in the first quarter. First Horizon Advisors Inc. now owns 4,440 shares of the auto parts company’s stock valued at $218,000 after acquiring an additional 308 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of BorgWarner by 3.8% in the second quarter. Raymond James Trust N.A. now owns 8,812 shares of the auto parts company’s stock valued at $431,000 after acquiring an additional 324 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of BorgWarner by 7.1% in the third quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock valued at $200,000 after acquiring an additional 327 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of BorgWarner by 5.6% in the first quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company’s stock valued at $246,000 after acquiring an additional 335 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Up 0.1 %

BWA stock opened at $34.73 on Friday. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $50.04. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.95 and a beta of 1.29. The company has a 50 day moving average of $32.36 and a two-hundred day moving average of $34.88.

BorgWarner (NYSE:BWA) last released its earnings results 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 return on equity of 14.69% and a net margin of 3.94%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts anticipate that BorgWarner Inc. will post 3.91 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.27%. BorgWarner’s dividend payout ratio (DPR) is 16.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, February 9th. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Piper Sandler initiated coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 target price for the company. Finally, The Goldman Sachs Group cut their target price on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.05.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 in the last 90 days. 0.45% of the stock is owned by insiders.

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.