BorgWarner Inc. (NYSE:BWA) Shares Sold by Man Group plc

Man Group plc lowered its stake in shares of BorgWarner Inc. (NYSE:BWA) by 47.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 110,118 shares of the auto parts company’s stock after selling 98,643 shares during the quarter. Man Group plc’s holdings in BorgWarner were worth $3,501,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BWA. Avior Wealth Management LLC raised its holdings in shares of BorgWarner by 31.3% during the 4th 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 during the period. Janney Montgomery Scott LLC increased its position in BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after purchasing an additional 381 shares during the last quarter. Norinchukin Bank The boosted its holdings in BorgWarner by 4.4% in the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company’s stock valued at $302,000 after purchasing an additional 402 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of BorgWarner by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock worth $1,537,000 after buying an additional 450 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC raised its position in shares of BorgWarner by 8.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 6,404 shares of the auto parts company’s stock valued at $204,000 after buying an additional 490 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president now directly owns 63,445 shares of the company’s stock, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,036 shares of company stock worth $2,017,364 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

BWA has been the subject of several analyst reports. Piper Sandler lowered their price objective on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Evercore ISI dropped their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, UBS Group upped their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.67.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $32.71 on Thursday. The business has a 50-day simple moving average of $28.77 and a 200-day simple moving average of $30.90. 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 $37.29. The company has a market cap of $7.19 billion, a PE ratio of 22.87, a P/E/G ratio of 0.77 and a beta of 1.08.

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

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. BorgWarner’s dividend payout ratio (DPR) is presently 35.20%.

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.