LPL Financial LLC Sells 13,807 Shares of BorgWarner Inc. (NYSE:BWA)

LPL Financial LLC trimmed its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,984 shares of the auto parts company's stock after selling 13,807 shares during the quarter. LPL Financial LLC's holdings in BorgWarner were worth $1,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BWA. Swedbank AB raised its holdings in shares of BorgWarner by 91.7% in the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock valued at $51,454,000 after purchasing an additional 774,438 shares during the period. American Century Companies Inc. raised its holdings in BorgWarner by 20.5% in the 4th quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock valued at $116,230,000 after acquiring an additional 621,243 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in BorgWarner by 3,195.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company's stock valued at $18,366,000 after acquiring an additional 568,594 shares during the period. Ninety One UK Ltd raised its holdings in BorgWarner by 22.5% in the 4th quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company's stock valued at $62,427,000 after acquiring an additional 361,112 shares during the period. Finally, Sei Investments Co. raised its holdings in BorgWarner by 12.9% in the 4th quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company's stock valued at $78,561,000 after acquiring an additional 282,659 shares during the period. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,800 shares of company stock worth $1,347,701. Insiders own 0.45% of the company's stock.

BorgWarner Price Performance

BWA stock traded up $0.87 during midday trading on Wednesday, reaching $27.77. 145,095 shares of the stock were exchanged, compared to its average volume of 3,355,938. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $38.22. The company has a fifty day moving average price of $28.28 and a 200 day moving average price of $31.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market capitalization of $6.10 billion, a PE ratio of 19.42, a P/E/G ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.58%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

Several research firms have weighed in on BWA. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Robert W. Baird lowered their price target on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Guggenheim decreased their target price on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday. Piper Sandler decreased their target price on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, Barclays decreased their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.19.

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.