UBS Group AG Lowers Stock Holdings in BorgWarner Inc. (NYSE:BWA)

UBS Group AG reduced its holdings in BorgWarner Inc. (NYSE:BWAFree Report) by 34.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 327,028 shares of the auto parts company’s stock after selling 171,649 shares during the quarter. UBS Group AG owned approximately 0.14% of BorgWarner worth $11,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BWA. Headlands Technologies LLC purchased a new position in shares of BorgWarner during the 3rd quarter worth about $28,000. EdgeRock Capital LLC purchased a new position in BorgWarner during the fourth quarter worth approximately $30,000. Sound Income Strategies LLC purchased a new position in BorgWarner during the fourth quarter worth approximately $32,000. Bruce G. Allen Investments LLC purchased a new stake in shares of BorgWarner during the 4th quarter valued at $33,000. Finally, Trust Co. of Vermont increased its holdings in shares of BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after buying an additional 980 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Price Performance

Shares of BWA opened at $35.66 on Friday. BorgWarner Inc. has a one year low of $29.51 and a one year high of $50.04. The stock’s fifty day moving average is $34.99 and its 200-day moving average is $33.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54. The firm has a market capitalization 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.

BorgWarner (NYSE:BWAGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. BorgWarner’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. Equities analysts anticipate that BorgWarner Inc. will post 4.07 EPS for the current year.

BorgWarner announced that its board has approved a share repurchase plan on Thursday, May 2nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the auto parts company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, June 3rd. BorgWarner’s payout ratio is currently 16.67%.

Insider Activity

In other news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction 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 $7,885,486.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’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 completion of the sale, the vice president now directly owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the transaction, the vice president now owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,000 shares of company stock worth $849,870. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BWA shares. Citigroup lifted their target price on BorgWarner from $33.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Robert W. Baird upped their target price on shares of BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday, May 6th. Piper Sandler initiated coverage on shares of BorgWarner in a report on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, Oppenheimer boosted their price target on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $43.76.

Get Our Latest Analysis on BWA

About BorgWarner

(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.

Further Reading

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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