Natixis Sells 821 Shares of BorgWarner Inc. (NYSE:BWA)

Natixis lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,489 shares of the auto parts company’s stock after selling 821 shares during the period. Natixis’ holdings in BorgWarner were worth $524,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BWA. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner in the 4th quarter worth $45,000. Avior Wealth Management LLC grew its position in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BorgWarner in the third quarter worth about $62,000. Generali Asset Management SPA SGR bought a new stake in BorgWarner during the fourth quarter worth approximately $59,000. Finally, Principal Securities Inc. raised its position in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 720 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, 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 value of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last quarter. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised BorgWarner from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. Evercore ISI reduced their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays lowered their target price on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Piper Sandler cut their price target on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Finally, Morgan Stanley decreased 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. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.19.

BorgWarner Stock Up 4.4 %

Shares of BorgWarner stock opened at $28.42 on Friday. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 0.77 and a beta of 1.12. The firm’s 50-day moving average is $28.18 and its two-hundred day moving average is $31.36.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

About BorgWarner

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.