Man Group plc Trims Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Man Group plc trimmed its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 0.05% of BorgWarner worth $3,501,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. LRI Investments LLC grew 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 purchasing an additional 909 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner in the fourth quarter valued at $45,000. Avior Wealth Management LLC lifted its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after buying an additional 342 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of BorgWarner in the fourth quarter valued at $48,000. Finally, Quarry LP lifted its stake 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 buying an additional 959 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on BWA shares. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group raised their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Morgan Stanley dropped their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. Finally, Guggenheim dropped their price objective on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.73.

BorgWarner Stock Performance

BWA stock traded up $0.90 during mid-day trading on Tuesday, hitting $33.58. The company had a trading volume of 2,843,766 shares, compared to its average volume of 2,768,482. The firm has a market cap of $7.38 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29. The stock's fifty day moving average price is $29.10 and its two-hundred day moving average price is $30.84.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.31%. BorgWarner's dividend payout ratio is 35.20%.

Insiders Place Their Bets

In other news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner 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 completion of the transaction, the vice president now owns 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. The trade was a 38.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,036 shares of company stock valued at $2,017,364. 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.