Voya Investment Management LLC Sells 37,197 Shares of BorgWarner Inc. (NYSE:BWA)

Voya Investment Management LLC cut its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,753 shares of the auto parts company's stock after selling 37,197 shares during the quarter. Voya Investment Management LLC's holdings in BorgWarner were worth $3,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Truist Financial Corp grew its position in BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock worth $487,000 after purchasing an additional 595 shares during the period. Norges Bank purchased a new position in shares of BorgWarner in the 4th quarter worth $62,180,000. State of Alaska Department of Revenue grew its holdings in shares of BorgWarner by 96.3% in the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after acquiring an additional 25,475 shares during the period. Proficio Capital Partners LLC purchased a new stake in BorgWarner during the fourth quarter valued at $1,197,000. Finally, AIA Group Ltd bought a new position in BorgWarner in the fourth quarter valued at about $1,599,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company's stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner 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 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. Over the last three months, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.76 during trading on Friday, hitting $29.30. 2,187,334 shares of the company's stock were exchanged, compared to its average volume of 2,752,363. The business's 50-day simple moving average is $28.03 and its 200 day simple moving average is $31.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $38.23. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. BorgWarner's dividend payout ratio (DPR) is 30.77%.

Wall Street Analysts Forecast Growth

BWA has been the subject of several research reports. Evercore ISI reduced their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and upped their target price for the company from $31.00 to $34.00 in a report on Thursday, April 10th. TD Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. Robert W. Baird cut their price objective on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Guggenheim reduced their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

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.