abrdn plc boosted its stake in BorgWarner Inc. (NYSE:BWA – Get Rating) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,565 shares of the auto parts company’s stock after purchasing an additional 2,789 shares during the quarter. abrdn plc’s holdings in BorgWarner were worth $2,719,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. TCI Wealth Advisors Inc. grew its holdings in shares of BorgWarner by 485.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 767 shares of the auto parts company’s stock valued at $31,000 after buying an additional 636 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in BorgWarner by 110.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,000 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 524 shares during the last quarter. Quent Capital LLC boosted its holdings in BorgWarner by 91.7% during the third quarter. Quent Capital LLC now owns 1,311 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 627 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in BorgWarner during the fourth quarter worth about $49,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in BorgWarner during the third quarter worth about $76,000. 91.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Tania Wingfield sold 16,000 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $50.30, for a total value of $804,800.00. Following the completion of the transaction, the executive vice president now directly owns 15,592 shares in the company, valued at approximately $784,277.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Alexis P. Michas sold 7,173 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $44.45, for a total transaction of $318,839.85. Following the sale, the director now directly owns 76,441 shares of the company’s stock, valued at approximately $3,397,802.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 16,000 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $50.30, for a total transaction of $804,800.00. Following the sale, the executive vice president now directly owns 15,592 shares in the company, valued at $784,277.60. The disclosure for this sale can be found here. Insiders sold a total of 33,062 shares of company stock worth $1,627,233 in the last three months. 0.45% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
BorgWarner Price Performance
BWA stock opened at $46.73 on Wednesday. The firm has a 50 day simple moving average of $46.84 and a two-hundred day simple moving average of $45.23. BorgWarner Inc. has a one year low of $31.14 and a one year high of $51.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.59 and a quick ratio of 1.16. The stock has a market cap of $10.95 billion, a PE ratio of 11.43, a P/E/G ratio of 0.65 and a beta of 1.41.
BorgWarner (NYSE:BWA – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The auto parts company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). BorgWarner had a return on equity of 14.85% and a net margin of 5.97%. The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts predict that BorgWarner Inc. will post 5 EPS for the current fiscal year.
BorgWarner Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.46%. BorgWarner’s dividend payout ratio (DPR) is presently 16.63%.
BorgWarner Company Profile
BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.
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