UniSuper Management Pty Ltd Acquires 7,031 Shares of BorgWarner Inc. (NYSE:BWA)

UniSuper Management Pty Ltd boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,944 shares of the auto parts company’s stock after purchasing an additional 7,031 shares during the period. UniSuper Management Pty Ltd’s holdings in BorgWarner were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWA. Avior Wealth Management LLC grew its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares in the last quarter. Janney Montgomery Scott LLC boosted 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 valued at $1,730,000 after purchasing an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after purchasing an additional 393 shares in the last quarter. Wellington Management Group LLP increased its position in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake 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 purchasing an additional 450 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

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

Analyst Ratings Changes

A number of brokerages recently weighed in on BWA. Guggenheim set a $38.00 target price on shares of BorgWarner in a report on Wednesday, March 5th. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Morgan Stanley reduced their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Piper Sandler dropped their price objective on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

BorgWarner Trading Down 2.3 %

Shares of BorgWarner stock opened at $28.18 on Monday. BorgWarner Inc. has a 52-week low of $27.65 and a 52-week high of $38.23. The stock has a market cap of $6.19 billion, a PE ratio of 19.70, a PEG ratio of 0.77 and a beta of 1.21. The firm has a 50-day moving average of $30.08 and a 200-day moving average of $32.43. 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 (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.56%. BorgWarner’s dividend payout ratio (DPR) is presently 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.