Cwm LLC Has $157,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

CWM LLC cut its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 76.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,487 shares of the auto parts company's stock after selling 18,093 shares during the quarter. CWM LLC's holdings in BorgWarner were worth $157,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Global X Japan Co. Ltd. lifted its holdings in BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after acquiring an additional 523 shares during the last quarter. LRI Investments LLC lifted its holdings in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after acquiring an additional 909 shares during the last quarter. Allworth Financial LP raised its holdings in shares of BorgWarner by 123.1% during the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock valued at $41,000 after buying an additional 793 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner during the fourth quarter valued at approximately $45,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of BorgWarner by 596.1% during the first quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock valued at $46,000 after buying an additional 1,371 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BWA shares. Guggenheim dropped their target price on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. Bank of America boosted their target price on BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Piper Sandler lifted their price target on shares of BorgWarner from $37.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, UBS Group lifted their price target on shares of BorgWarner from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $39.64.

BorgWarner Stock Up 1.0%

Shares of NYSE:BWA traded up $0.36 during midday trading on Friday, reaching $37.16. 855,913 shares of the company were exchanged, compared to its average volume of 2,895,664. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. 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 stock has a fifty day simple moving average of $34.16 and a two-hundred day simple moving average of $31.18. The firm has a market cap of $8.16 billion, a PE ratio of 29.73, a P/E/G ratio of 1.60 and a beta of 1.09.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.15. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the firm posted $1.19 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from BorgWarner's previous quarterly dividend of $0.11. BorgWarner's dividend payout ratio (DPR) is 35.20%.

BorgWarner declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 13.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the vice president owned 63,445 shares in the company, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the sale, the executive vice president owned 214,521 shares of the company's stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their position. The disclosure for this sale can be found here. Company 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.