BorgWarner Inc. (NYSE:BWA) Stock Position Reduced by Algert Global LLC

Algert Global LLC cut its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,595 shares of the auto parts company's stock after selling 83,258 shares during the period. Algert Global LLC's holdings in BorgWarner were worth $3,007,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner in the 4th quarter valued at about $45,000. Avior Wealth Management LLC grew its position in shares of BorgWarner by 31.3% during the fourth 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 last quarter. Kapitalo Investimentos Ltda acquired a new stake in BorgWarner during the 4th quarter worth $48,000. Quarry LP grew its position in BorgWarner by 110.6% during the 4th quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock worth $58,000 after purchasing an additional 959 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in BorgWarner in the fourth quarter valued at $59,000. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Trading Up 1.8 %

BWA traded up $0.56 during midday trading on Friday, hitting $31.70. The company's stock had a trading volume of 2,384,544 shares, compared to its average volume of 2,758,643. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $38.23. The firm has a 50-day moving average price of $28.13 and a two-hundred day moving average price of $30.92. The firm has a market cap of $6.97 billion, a P/E ratio of 22.17, a PEG ratio of 0.77 and a beta of 1.08. 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 - Get Free Report) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The business's quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

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 dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.39%. BorgWarner's payout ratio is 35.20%.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the 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 sale, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BWA shares. StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Barclays cut their price objective on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, March 7th. Wells Fargo & Company lifted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Guggenheim dropped their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.47.

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.