BorgWarner Inc. (NYSE:BWA) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. reduced its position in BorgWarner Inc. (NYSE:BWA) by 66.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 849 shares of the auto parts company’s stock after selling 1,667 shares during the period. Meeder Asset Management Inc.’s holdings in BorgWarner were worth $27,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the period. Generali Asset Management SPA SGR purchased a new stake in BorgWarner in the 4th quarter valued at about $59,000. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner during the 3rd quarter valued at about $62,000. Principal Securities Inc. boosted its position in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 720 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in BorgWarner by 126.2% in the fourth quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company’s stock valued at $76,000 after purchasing an additional 1,326 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

BWA stock opened at $29.09 on Thursday. The stock’s 50 day simple moving average is $29.87 and its 200 day simple moving average is $32.36. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month high of $38.23. The firm has a market cap of $6.39 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping 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, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BWA shares. Piper Sandler lowered their price target on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Barclays lowered their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley decreased their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $1,347,701 in the last 90 days. 0.45% of the stock is currently owned by company insiders.

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.