BorgWarner Inc. (NYSE:BWA) Stock Position Reduced by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. cut its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 21.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,564 shares of the auto parts company's stock after selling 37,700 shares during the quarter. Steigerwald Gordon & Koch Inc. owned about 0.06% of BorgWarner worth $3,941,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp lifted its position in BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after purchasing an additional 595 shares during the last quarter. Norges Bank bought a new stake in shares of BorgWarner during the 4th quarter worth about $62,180,000. State of Alaska Department of Revenue raised its position in shares of BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after buying an additional 25,475 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of BorgWarner during the 4th quarter worth about $1,197,000. Finally, AIA Group Ltd bought a new stake in shares of BorgWarner during the 4th quarter worth about $1,599,000. 95.67% of the stock is currently owned by institutional investors.

Insider Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president now directly owns 63,445 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,036 shares of company stock valued at $1,326,404 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on BWA. Wall Street Zen upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. TD Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. UBS Group boosted their price target on shares of BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Guggenheim dropped their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.73.

BorgWarner Price Performance

Shares of BWA traded up $0.06 during mid-day trading on Thursday, hitting $32.13. The company's stock had a trading volume of 3,310,825 shares, compared to its average volume of 2,686,380. The firm has a 50-day moving average price of $29.61 and a 200 day moving average price of $30.78. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share 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 the consensus estimate of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. BorgWarner's dividend payout ratio (DPR) 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.