Nia Impact Advisors LLC Trims Stock Position in BorgWarner Inc. (NYSE:BWA)

Nia Impact Advisors LLC cut its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 80.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,137 shares of the auto parts company's stock after selling 45,242 shares during the quarter. Nia Impact Advisors LLC's holdings in BorgWarner were worth $354,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC raised its holdings in shares of BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner during the 4th quarter worth $45,000. Avior Wealth Management LLC grew its position in BorgWarner by 31.3% during 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 during the last quarter. Kapitalo Investimentos Ltda purchased a new position in BorgWarner during the 4th quarter worth $48,000. Finally, Quarry LP grew its position in BorgWarner by 110.6% during the 4th quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock worth $58,000 after purchasing an additional 959 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the 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 transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,036 shares of company stock worth $1,851,114 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BWA. Evercore ISI reduced their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Piper Sandler decreased their target price on BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Friday, March 7th. Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, UBS Group boosted their target price on BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and an average target price of $37.47.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.27 on Friday, hitting $33.34. The company had a trading volume of 2,085,912 shares, compared to its average volume of 2,763,650. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.65. The business has a 50 day moving average of $28.48 and a 200 day moving average of $30.91. The company has a market cap of $7.32 billion, a PE ratio of 23.31, a PEG ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $3.39 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business's revenue was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate 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. 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 1.32%. BorgWarner's dividend payout ratio is currently 35.20%.

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.