Axa S.A. Sells 73,976 Shares of BorgWarner Inc. (NYSE:BWA)

AXA S.A. lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 690,876 shares of the auto parts company's stock after selling 73,976 shares during the period. AXA S.A. owned 0.32% of BorgWarner worth $21,963,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner in the 4th quarter worth approximately $45,000. Avior Wealth Management LLC lifted its holdings in 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 acquiring an additional 342 shares during the period. Kapitalo Investimentos Ltda purchased a new position in BorgWarner in the fourth quarter worth about $48,000. Quarry LP grew its position in BorgWarner by 110.6% during the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after buying an additional 959 shares during the period. Finally, Generali Asset Management SPA SGR bought a new stake in shares of BorgWarner during the 4th quarter valued at $59,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BWA shares. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. UBS Group reissued a "neutral" rating and set a $31.00 target price (down from $38.00) on shares of BorgWarner in a research note on Thursday, April 10th. BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. Evercore ISI lowered their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

BorgWarner Stock Performance

BWA traded up $1.32 during trading hours on Wednesday, hitting $30.32. 3,802,119 shares of the stock were exchanged, compared to its average volume of 2,754,291. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The stock has a 50-day simple moving average of $28.02 and a 200-day simple moving average of $30.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm's revenue was down 2.2% on a year-over-year basis. Analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.45%. BorgWarner's payout ratio is 30.77%.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, 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. In the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

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.