BorgWarner Inc. (NYSE:BWA) Stake Lessened by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in BorgWarner Inc. (NYSE:BWAFree Report) by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,271 shares of the auto parts company’s stock after selling 33,099 shares during the period. Corient Private Wealth LLC’s holdings in BorgWarner were worth $1,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWA. NBC Securities Inc. acquired a new stake in BorgWarner during the third quarter valued at approximately $51,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in BorgWarner by 5.2% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 227,851 shares of the auto parts company’s stock valued at $9,198,000 after purchasing an additional 11,357 shares during the last quarter. Jump Financial LLC acquired a new stake in BorgWarner during the third quarter valued at approximately $753,000. Barclays PLC lifted its stake in BorgWarner by 4.2% during the third quarter. Barclays PLC now owns 515,012 shares of the auto parts company’s stock valued at $20,792,000 after purchasing an additional 20,568 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in BorgWarner by 21.6% during the third quarter. Metis Global Partners LLC now owns 8,557 shares of the auto parts company’s stock valued at $345,000 after purchasing an additional 1,521 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BWA opened at $35.66 on Friday. The company’s fifty day moving average is $34.99 and its 200-day moving average is $33.88. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the business posted $1.09 EPS. BorgWarner’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts expect that BorgWarner Inc. will post 4.07 EPS for the current fiscal year.

BorgWarner announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.23%. BorgWarner’s payout ratio is presently 16.67%.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BorgWarner news, VP Volker Weng sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the completion of the sale, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock worth $849,870. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of BorgWarner from $33.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Oppenheimer upped their price target on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Wells Fargo & Company upped their price target on shares of BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $43.76.

Get Our Latest Stock Analysis on BWA

BorgWarner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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