BorgWarner Inc. (NYSE:BWA) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in BorgWarner Inc. (NYSE:BWA) by 44.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,609 shares of the auto parts company’s stock after buying an additional 133,939 shares during the period. BNP Paribas Financial Markets owned 0.20% of BorgWarner worth $13,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Truist Financial Corp grew its position in shares of BorgWarner by 4.0% during the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after acquiring an additional 595 shares during the last quarter. Norges Bank purchased a new position in BorgWarner during the 4th quarter worth $62,180,000. State of Alaska Department of Revenue increased its stake in BorgWarner by 96.3% in the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock valued at $1,650,000 after purchasing an additional 25,475 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of BorgWarner in the fourth quarter valued at about $1,197,000. Finally, AIA Group Ltd acquired a new stake in shares of BorgWarner during the fourth quarter worth about $1,599,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on BWA shares. Piper Sandler reduced their price objective on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Barclays cut their price target on BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research report on Tuesday, March 18th. TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Finally, Robert W. Baird raised their target price on shares of BorgWarner from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.47.

BorgWarner Trading Up 1.8 %

NYSE BWA opened at $31.70 on Friday. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a one year low of $24.40 and a one year high of $38.23. The company’s 50 day moving average price is $28.13 and its 200 day moving average price is $30.92.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.39%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company’s stock.

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.