abrdn plc Purchases 41,283 Shares of BorgWarner Inc. (NYSE:BWA)

abrdn plc increased its holdings in BorgWarner Inc. (NYSE:BWA) by 68.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,523 shares of the auto parts company’s stock after acquiring an additional 41,283 shares during the period. abrdn plc’s holdings in BorgWarner were worth $3,640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BWA. Headlands Technologies LLC bought a new stake in BorgWarner in the third quarter worth about $28,000. Sound Income Strategies LLC bought a new stake in shares of BorgWarner in the 4th quarter worth approximately $32,000. Bruce G. Allen Investments LLC purchased a new position in BorgWarner in the fourth quarter valued at approximately $33,000. Trust Co. of Vermont grew its holdings in BorgWarner by 49,000.0% during the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 980 shares during the period. Finally, NBC Securities Inc. purchased a new stake in BorgWarner in the third quarter worth $51,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Up 1.1 %

Shares of NYSE BWA opened at $33.19 on Monday. The business has a 50-day moving average of $32.71 and a 200-day moving average of $33.86. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.99 and a beta of 1.31. 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 12 month low of $29.51 and a 12 month high of $50.04.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. BorgWarner’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Sell-side analysts expect that BorgWarner Inc. will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 16.48%.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the transaction, the vice president now directly owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now directly owns 252,013 shares in the company, valued at $7,885,486.77. The disclosure for this sale can be found here. In the last three months, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BWA has been the subject of several research reports. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Piper Sandler assumed coverage on shares of BorgWarner in a report on Friday, March 15th. They set an “overweight” rating and a $43.00 target price on the stock. Finally, Robert W. Baird lowered BorgWarner from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $45.00 to $39.00 in a report on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

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.