The Manufacturers Life Insurance Company Sells 10,260 Shares of BorgWarner Inc. (NYSE:BWA)

The Manufacturers Life Insurance Company trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,675 shares of the auto parts company's stock after selling 10,260 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of BorgWarner worth $5,553,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BWA. Avior Wealth Management LLC raised its position in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares during the period. Janney Montgomery Scott LLC raised its holdings in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after purchasing an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of BorgWarner by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after purchasing an additional 393 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of BorgWarner by 4.4% in the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock valued at $302,000 after buying an additional 402 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of BorgWarner by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock valued at $1,537,000 after buying an additional 450 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BWA shares. StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Piper Sandler decreased their price objective on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, BorgWarner currently has an average rating of "Moderate Buy" and an average price target of $37.47.

BorgWarner Stock Performance

Shares of BorgWarner stock traded up $0.56 on Friday, hitting $31.70. The stock had a trading volume of 2,384,544 shares, compared to its average volume of 2,758,643. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The business's 50 day moving average is $28.13 and its two-hundred day moving average is $30.92. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping 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 firm had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter last year, the business earned $1.03 EPS. The company's quarterly revenue was down 2.2% compared to the same quarter last year. Analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.39%. BorgWarner's dividend payout ratio (DPR) is currently 35.20%.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last 90 days. 0.45% of the stock is owned by corporate insiders.

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.