BorgWarner Inc. (NYSE:BWA) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers increased its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 78.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,521 shares of the auto parts company's stock after acquiring an additional 16,518 shares during the period. Cetera Investment Advisers' holdings in BorgWarner were worth $1,193,000 as of its most recent SEC filing.

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

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on 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 trade represents a 3.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company's 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 sale, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,036 shares of company stock valued at $2,017,364 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

BorgWarner Stock Down 0.1%

Shares of BorgWarner stock traded down $0.04 during trading hours on Wednesday, hitting $33.56. 233,281 shares of the company's stock traded hands, compared to its average volume of 3,113,935. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29. The company has a market cap of $7.37 billion, a PE ratio of 23.47, a PEG ratio of 0.77 and a beta of 1.08. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $29.10 and a 200-day simple moving average of $30.84.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating 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 quarter in the prior year, the business posted $1.03 earnings per share. BorgWarner's revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.31%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Guggenheim lowered their price target on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler restated an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. Morgan Stanley reduced their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, 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 report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, BorgWarner has a consensus rating of "Moderate Buy" and a consensus price target of $37.73.

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.