Legal & General Group Plc Trims Stock Holdings in BorgWarner Inc. $BWA

Key Points

• Legal & General Group Plc cut its BorgWarner stake by 47% in the fourth quarter, selling 325,713 shares and ending with 366,599 shares valued at about $16.5 million.
• Analyst sentiment remains mixed but constructive, with BorgWarner carrying a consensus rating of “Moderate Buy” and an average price target of $68.14. Seven analysts rate it a Buy and seven rate it Hold.
• BorgWarner beat quarterly expectations and maintained a dividend, reporting EPS of $1.24 versus $1.16 expected and revenue of $3.53 billion. The company also declared a quarterly dividend of $0.17 per share, payable June 15.

Legal & General Group Plc decreased its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,599 shares of the auto parts company's stock after selling 325,713 shares during the period. Legal & General Group Plc owned 0.17% of BorgWarner worth $16,519,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BWA. Sound Income Strategies LLC boosted its position in shares of BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 890 shares during the period. Torren Management LLC bought a new position in shares of BorgWarner in the fourth quarter valued at approximately $48,000. Olistico Wealth LLC bought a new position in shares of BorgWarner in the fourth quarter valued at approximately $50,000. Hantz Financial Services Inc. boosted its position in shares of BorgWarner by 32.7% in the third quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company's stock valued at $65,000 after acquiring an additional 362 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in shares of BorgWarner in the third quarter valued at approximately $70,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BWA shares. Wall Street Zen lowered shares of BorgWarner from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $81.00 price objective on shares of BorgWarner in a research report on Tuesday, April 21st. UBS Group lifted their target price on shares of BorgWarner from $56.00 to $61.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Wolfe Research upgraded shares of BorgWarner from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research report on Wednesday, March 25th. Finally, New Street Research set a $66.00 target price on shares of BorgWarner in a research report on Thursday, February 12th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, BorgWarner presently has a consensus rating of "Moderate Buy" and an average price target of $68.14.

Insider Activity

In other BorgWarner news, EVP Tonit M. Calaway sold 14,021 shares of BorgWarner stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.46, for a total transaction of $721,520.66. Following the transaction, the executive vice president directly owned 204,913 shares of the company's stock, valued at approximately $10,544,822.98. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph F. Fadool sold 29,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the transaction, the chief executive officer directly owned 405,964 shares in the company, valued at $27,325,436.84. This trade represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 96,033 shares of company stock valued at $5,792,558. Insiders own 0.76% of the company's stock.

BorgWarner Trading Down 1.2%

Shares of BorgWarner stock opened at $70.99 on Tuesday. BorgWarner Inc. has a 1 year low of $31.83 and a 1 year high of $73.88. The firm has a market cap of $14.56 billion, a PE ratio of 42.01, a PEG ratio of 1.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The company has a 50 day simple moving average of $58.53 and a two-hundred day simple moving average of $52.47.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Analysts expect that BorgWarner Inc. will post 5.18 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. BorgWarner's dividend payout ratio (DPR) is 40.24%.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company's product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.