BorgWarner Inc. (NYSE:BWA) Position Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,396,576 shares of the auto parts company's stock after selling 25,294 shares during the quarter. Hsbc Holdings PLC owned 0.64% of BorgWarner worth $44,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner during the fourth quarter valued at about $45,000. Avior Wealth Management LLC increased its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in BorgWarner in the 4th quarter worth about $59,000. Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner during the third quarter valued at approximately $62,000. Finally, Principal Securities Inc. lifted its holdings in shares of BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after buying an additional 720 shares during the period. 95.67% of the stock is owned by institutional investors.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last ninety days. Insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BWA. Piper Sandler dropped their price objective on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Robert W. Baird lowered their target price on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.19.

BorgWarner Price Performance

BWA stock traded up $0.11 on Thursday, reaching $28.49. 386,953 shares of the company's stock were exchanged, compared to its average volume of 3,254,157. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.22. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $28.07 and a 200-day moving average of $31.18. The firm has a market cap of $6.26 billion, a PE ratio of 19.92, a P/E/G ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. BorgWarner's dividend payout ratio is presently 30.77%.

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.