SVB Wealth LLC lowered its position in BorgWarner Inc. (NYSE:BWA – Get Rating) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,097 shares of the auto parts company’s stock after selling 1,153 shares during the quarter. SVB Wealth LLC’s holdings in BorgWarner were worth $245,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of BorgWarner by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock valued at $1,016,505,000 after acquiring an additional 570,039 shares in the last quarter. State Street Corp lifted its position in BorgWarner by 0.5% during the third quarter. State Street Corp now owns 9,815,492 shares of the auto parts company’s stock valued at $308,206,000 after purchasing an additional 50,791 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in BorgWarner by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,023,878 shares of the auto parts company’s stock valued at $282,712,000 after purchasing an additional 174,934 shares during the last quarter. Macquarie Group Ltd. lifted its position in BorgWarner by 5.3% during the third quarter. Macquarie Group Ltd. now owns 4,706,534 shares of the auto parts company’s stock valued at $147,785,000 after purchasing an additional 234,998 shares during the last quarter. Finally, LSV Asset Management lifted its position in BorgWarner by 0.3% during the third quarter. LSV Asset Management now owns 3,839,839 shares of the auto parts company’s stock valued at $120,571,000 after purchasing an additional 9,800 shares during the last quarter. Hedge funds and other institutional investors own 91.44% of the company’s stock.
Insider Buying and Selling at BorgWarner
In other BorgWarner news, CAO Tonit M. Calaway sold 6,889 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $50.87, for a total transaction of $350,443.43. Following the completion of the transaction, the chief accounting officer now owns 28,105 shares of the company’s stock, valued at $1,429,701.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Alexis P. Michas sold 7,173 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $44.45, for a total transaction of $318,839.85. Following the completion of the transaction, the director now directly owns 76,441 shares in the company, valued at $3,397,802.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 6,889 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $50.87, for a total value of $350,443.43. Following the transaction, the chief accounting officer now owns 28,105 shares of the company’s stock, valued at $1,429,701.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,062 shares of company stock valued at $1,627,233. 0.45% of the stock is currently owned by company insiders.
BorgWarner Stock Performance
BorgWarner (NYSE:BWA – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The auto parts company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). BorgWarner had a return on equity of 14.85% and a net margin of 5.97%. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business earned $1.05 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that BorgWarner Inc. will post 5 earnings per share for the current year.
BorgWarner Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, May 31st. BorgWarner’s dividend payout ratio is currently 16.63%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on BWA shares. Morgan Stanley upgraded shares of BorgWarner from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $49.00 to $50.00 in a research report on Monday, May 15th. Oppenheimer lifted their target price on shares of BorgWarner from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. StockNews.com upgraded shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of BorgWarner from $58.00 to $56.00 in a report on Friday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of BorgWarner from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 10th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.73.
BorgWarner 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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