BorgWarner Inc. (NYSE:BWA) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,565,984 shares of the auto parts company's stock after selling 397,737 shares during the quarter. Ninety One UK Ltd owned 0.71% of BorgWarner worth $44,865,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in BorgWarner by 133.4% during the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after purchasing an additional 523 shares during the last quarter. LRI Investments LLC increased its holdings in BorgWarner by 1,515.0% during the 4th 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 last quarter. Resona Asset Management Co. Ltd. purchased a new stake in BorgWarner during the 4th quarter worth approximately $45,000. Golden State Wealth Management LLC increased its holdings in BorgWarner by 596.1% during the 1st quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock worth $46,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in BorgWarner during the 4th quarter worth approximately $48,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

NYSE:BWA traded down $0.42 during midday trading on Friday, reaching $35.40. 1,489,402 shares of the company traded hands, compared to its average volume of 2,711,447. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60. The company has a fifty day moving average price of $33.17 and a 200 day moving average price of $30.82.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.24%. BorgWarner's dividend payout ratio is currently 35.20%.

Insider Buying and Selling

In related news, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 214,521 shares in the company, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president owned 63,445 shares of the company's stock, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BWA shares. Barclays dropped their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Robert W. Baird lifted their price objective on BorgWarner from $32.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday. Guggenheim dropped their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $37.00 price target (up from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

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.