BorgWarner Inc. (NYSE:BWA) Shares Sold by Community Bank N.A.

Community Bank N.A. lessened its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 57.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,060 shares of the auto parts company's stock after selling 12,020 shares during the period. Community Bank N.A.'s holdings in BorgWarner were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Norinchukin Bank The raised its stake in shares of BorgWarner by 4.4% during the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after buying an additional 402 shares during the period. Farther Finance Advisors LLC increased its holdings in BorgWarner by 26.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock worth $56,000 after acquiring an additional 407 shares in the last quarter. Blackston Financial Advisory Group LLC raised its position in BorgWarner by 8.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 6,404 shares of the auto parts company's stock worth $204,000 after acquiring an additional 490 shares during the period. Arizona State Retirement System raised its position in BorgWarner by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company's stock worth $2,101,000 after acquiring an additional 498 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in BorgWarner by 0.4% during the fourth quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock valued at $3,580,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BWA. BNP Paribas raised 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. Piper Sandler reiterated an "overweight" rating and set a $37.00 price objective (up from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. UBS Group increased their target price on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Finally, Guggenheim reduced their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.47.

Insider Buying and Selling

In related news, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the vice president now directly owns 63,445 shares in the company, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tonit M. Calaway sold 27,736 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, the executive vice president now directly owns 214,521 shares in the company, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Up 1.4%

NYSE BWA opened at $33.29 on Thursday. The business's fifty day simple moving average is $30.78 and its 200-day simple moving average is $30.72. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The firm has a market cap of $7.31 billion, a PE ratio of 26.63, a P/E/G ratio of 1.44 and a beta of 1.10. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. The firm had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.39 billion. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. BorgWarner's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.32%. BorgWarner's dividend payout ratio is presently 35.20%.

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.

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