BorgWarner Inc. (NYSE:BWA) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,068,863 shares of the auto parts company's stock after purchasing an additional 233,864 shares during the quarter. Northern Trust Corp owned approximately 0.95% of BorgWarner worth $65,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BWA. Resona Asset Management Co. Ltd. purchased a new stake in BorgWarner in the 4th quarter worth $45,000. Avior Wealth Management LLC raised its position in shares of BorgWarner by 31.3% during the 4th 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. Quarry LP lifted its holdings in shares of BorgWarner by 110.6% in the 4th quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after acquiring an additional 959 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in BorgWarner in the fourth quarter worth about $59,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in BorgWarner during the third quarter worth approximately $62,000. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. The trade was a 3.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. The trade was a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Up 3.4%

BorgWarner stock traded up $1.07 during midday trading on Monday, hitting $32.69. 420,604 shares of the company's stock were exchanged, compared to its average volume of 2,749,613. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market cap of $7.18 billion, a PE ratio of 22.79, a P/E/G ratio of 0.77 and a beta of 1.08. The firm has a 50-day moving average of $28.13 and a two-hundred day moving average of $30.91. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $38.23.

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. The company 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%. BorgWarner's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. As a group, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.35%. BorgWarner's payout ratio is currently 35.20%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BWA. Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Piper Sandler cut their price target 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. Finally, BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.47.

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.