Bank Julius Baer & Co. Ltd Zurich Sells 152,327 Shares of BorgWarner Inc. (NYSE:BWA)

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 57.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,267 shares of the auto parts company's stock after selling 152,327 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in BorgWarner were worth $4,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VCI Wealth Management LLC bought a new position in BorgWarner during the fourth quarter worth $788,000. Community Bank N.A. lifted its stake in BorgWarner by 19.6% during the fourth quarter. Community Bank N.A. now owns 36,775 shares of the auto parts company's stock worth $1,318,000 after purchasing an additional 6,035 shares during the last quarter. Alaska Permanent Fund Corp lifted its stake in BorgWarner by 7.3% during the fourth quarter. Alaska Permanent Fund Corp now owns 54,527 shares of the auto parts company's stock worth $1,955,000 after purchasing an additional 3,727 shares during the last quarter. Arbor Wealth Advisors LLC bought a new position in BorgWarner during the fourth quarter worth $3,869,000. Finally, GAMMA Investing LLC bought a new position in BorgWarner during the fourth quarter worth $80,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BWA. JPMorgan Chase & Co. dropped their target price on BorgWarner from $59.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday, January 25th. BNP Paribas lowered BorgWarner from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Wells Fargo & Company dropped their target price on BorgWarner from $47.00 to $43.00 and set an "overweight" rating on the stock in a research report on Friday, February 9th. Finally, Piper Sandler started coverage on BorgWarner in a research report on Friday, March 15th. They issued an "overweight" rating and a $43.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.30.

BorgWarner Trading Up 1.1 %

Shares of NYSE:BWA traded up $0.37 during midday trading on Friday, reaching $33.19. The company had a trading volume of 1,825,538 shares, compared to its average volume of 2,204,117. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $50.04. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.31. The company has a fifty day simple moving average of $32.71 and a two-hundred day simple moving average of $33.94.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the business earned $1.26 EPS. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts predict that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. BorgWarner's payout ratio is presently 16.48%.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Volker Weng sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the sale, the vice president now owns 111,964 shares of the company's stock, valued at $3,678,017.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is currently owned by company insiders.

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.