BorgWarner Inc. (NYSE:BWA) Holdings Trimmed by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its position in shares of BorgWarner Inc. (NYSE:BWA) by 30.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,415 shares of the auto parts company’s stock after selling 19,472 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BorgWarner were worth $1,628,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Parkside Investments LLC boosted its stake in BorgWarner by 28.7% during the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after buying an additional 43,955 shares in the last quarter. Kennedy Capital Management LLC bought a new position in BorgWarner during the third quarter valued at about $833,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of BorgWarner by 24.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after purchasing an additional 35,986 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of BorgWarner during the third quarter valued at $69,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of BorgWarner during the fourth quarter valued at $33,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $34.50 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The stock’s 50-day moving average is $32.58 and its two-hundred day moving average is $34.47. The firm has a market cap of $7.93 billion, a P/E ratio of 12.92, a PEG ratio of 0.99 and a beta of 1.31.

BorgWarner (NYSE:BWA) last issued 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 return on equity of 14.69% and a net margin of 3.94%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts predict that BorgWarner Inc. will post 3.91 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s payout ratio is currently 16.48%.

Analysts Set New Price Targets

BWA has been the subject of several analyst reports. Piper Sandler initiated coverage on BorgWarner in a report on Friday, March 15th. They set an “overweight” rating and a $43.00 target price for the company. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Robert W. Baird downgraded BorgWarner from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. Finally, Barclays upped their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Insiders Place Their Bets

In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated Wednesday, February 14th. The stock was 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 approximately $14,148,455.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated Wednesday, February 14th. The stock was 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 approximately $14,148,455.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock valued at $9,015,478 in the last three months. Insiders own 0.63% of the company’s stock.

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.