BorgWarner Inc. (NYSE:BWA) Shares Sold by Man Group plc

Man Group plc trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,118 shares of the auto parts company's stock after selling 98,643 shares during the quarter. Man Group plc owned approximately 0.05% of BorgWarner worth $3,501,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BWA. Barclays PLC increased its stake in BorgWarner by 14.7% during the 3rd quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock worth $16,092,000 after buying an additional 56,988 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in BorgWarner during the fourth quarter worth approximately $2,142,000. Park Avenue Securities LLC boosted its position in shares of BorgWarner by 32.6% during the 4th quarter. Park Avenue Securities LLC now owns 9,838 shares of the auto parts company's stock valued at $313,000 after acquiring an additional 2,416 shares during the last quarter. Merit Financial Group LLC increased its position in BorgWarner by 33.2% during the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company's stock worth $579,000 after purchasing an additional 4,537 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in BorgWarner by 10.2% during the fourth quarter. Arkadios Wealth Advisors now owns 12,821 shares of the auto parts company's stock worth $408,000 after purchasing an additional 1,182 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,036 shares of company stock worth $2,017,364. Insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a research report on Tuesday, March 18th. Wall Street Zen raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Morgan Stanley cut their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Evercore ISI dropped their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.73.

BorgWarner Price Performance

NYSE:BWA traded down $0.28 during trading hours on Friday, reaching $32.68. 2,254,294 shares of the company traded hands, compared to its average volume of 2,767,321. 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 firm's 50-day moving average is $28.93 and its 200-day moving average is $30.86. The stock has a market cap of $7.18 billion, a P/E ratio of 22.85, a P/E/G ratio of 0.77 and a beta of 1.08. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. BorgWarner's payout ratio is currently 35.20%.

BorgWarner 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.