abrdn plc Has $3.64 Million Position in BorgWarner Inc. (NYSE:BWA)

abrdn plc raised its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 68.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,523 shares of the auto parts company's stock after purchasing an additional 41,283 shares during the quarter. abrdn plc's holdings in BorgWarner were worth $3,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Boston Partners boosted its holdings in BorgWarner by 58.9% during the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company's stock worth $211,762,000 after buying an additional 1,951,783 shares in the last quarter. Invesco Ltd. boosted its stake in shares of BorgWarner by 30.4% in the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company's stock valued at $177,591,000 after purchasing an additional 1,024,361 shares during the period. Ninety One UK Ltd boosted its stake in shares of BorgWarner by 85.1% in the fourth quarter. Ninety One UK Ltd now owns 1,656,221 shares of the auto parts company's stock valued at $59,376,000 after purchasing an additional 761,250 shares during the period. American Century Companies Inc. boosted its stake in shares of BorgWarner by 18.3% in the third quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company's stock valued at $169,132,000 after purchasing an additional 648,633 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of BorgWarner by 625.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 644,914 shares of the auto parts company's stock valued at $26,171,000 after purchasing an additional 556,048 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Stock Up 1.6 %

NYSE:BWA traded up $0.54 on Monday, hitting $33.73. 3,296,140 shares of the company's stock traded hands, compared to its average volume of 2,839,324. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04. The firm has a 50-day moving average price of $32.71 and a 200-day moving average price of $33.86. The company has a market cap of $7.75 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30.

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

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. BorgWarner's payout ratio is 16.48%.

Analysts Set New Price Targets

BWA has been the subject of several research reports. StockNews.com downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Robert W. Baird cut shares of BorgWarner from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. TheStreet cut shares of BorgWarner from a "b-" rating to a "c+" rating in a research report on Thursday, February 8th. BNP Paribas cut shares of BorgWarner from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group cut their price target on shares of BorgWarner from $38.00 to $34.00 and set a "neutral" rating on the stock in a report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and a consensus price target of $44.30.

Insider Activity at BorgWarner

In related news, CEO Frederic Lissalde sold 225,900 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Frederic Lissalde sold 225,900 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares of the company's stock, valued at $2,679,638.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,503 shares of company stock valued at $9,015,478. 0.63% of the stock is owned by corporate insiders.

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.