Natixis Advisors L.P. Decreases Stock Position in BorgWarner Inc. (NYSE:BWA)

Natixis Advisors L.P. reduced its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,932 shares of the auto parts company's stock after selling 43,717 shares during the period. Natixis Advisors L.P. owned approximately 0.23% of BorgWarner worth $19,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in shares of BorgWarner by 10.9% in the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company's stock valued at $346,614,000 after purchasing an additional 948,659 shares during the period. Diamond Hill Capital Management Inc. boosted its position in BorgWarner by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company's stock valued at $220,561,000 after buying an additional 166,007 shares during the last quarter. Boston Partners boosted its position in BorgWarner by 58.9% in the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company's stock valued at $211,762,000 after buying an additional 1,951,783 shares during the last quarter. Invesco Ltd. boosted its position in BorgWarner by 30.4% in the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company's stock valued at $177,591,000 after buying an additional 1,024,361 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in BorgWarner by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company's stock valued at $169,132,000 after buying an additional 648,633 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Stock Performance

BWA stock traded up $0.50 during mid-day trading on Monday, hitting $36.94. 3,016,951 shares of the company were exchanged, compared to its average volume of 2,898,072. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $50.04. The business has a 50 day simple moving average of $33.10 and a 200-day simple moving average of $33.69. The stock has a market capitalization of $8.42 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm's quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that BorgWarner Inc. will post 3.94 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.19%. BorgWarner's payout ratio is 16.67%.

Insider Activity

In other BorgWarner news, VP Volker Weng sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the transaction, the vice president now directly owns 111,964 shares in the company, valued at $3,678,017.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other BorgWarner news, VP Volker Weng sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the transaction, the vice president now directly owns 111,964 shares in the company, valued at $3,678,017.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederic Lissalde sold 225,900 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares of the company's stock, valued at $14,148,455.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. Corporate insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

BWA has been the topic of several research analyst reports. Piper Sandler initiated coverage on BorgWarner in a research note on Friday, March 15th. They set an "overweight" rating and a $43.00 price objective on the stock. BNP Paribas downgraded BorgWarner from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. TD Cowen raised their price objective on BorgWarner from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday. Oppenheimer raised their price objective on BorgWarner from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, StockNews.com cut BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and a consensus price target of $43.76.

BorgWarner Company 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.