Horan Capital Advisors LLC. Lowers Stock Position in BorgWarner Inc. (NYSE:BWA)

Horan Capital Advisors LLC. trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,337 shares of the auto parts company’s stock after selling 2,679 shares during the period. Horan Capital Advisors LLC.’s holdings in BorgWarner were worth $3,239,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BWA. Parkside Investments LLC grew its position in BorgWarner by 28.7% during the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after buying an additional 43,955 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of BorgWarner by 9.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock valued at $25,094,000 after purchasing an additional 59,925 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in shares of BorgWarner during the 3rd quarter worth approximately $833,000. Illinois Municipal Retirement Fund lifted its stake in BorgWarner by 84.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock valued at $9,341,000 after buying an additional 119,170 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in BorgWarner by 24.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after buying an additional 35,986 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BWA shares. Wells Fargo & Company boosted their price target on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Piper Sandler started coverage on shares of BorgWarner in a research report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, Barclays boosted their price target on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.93.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stefan Demmerle sold 3,000 shares of the company’s 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 in the company, valued at $8,217,429. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 287,503 shares of company stock valued at $9,015,478. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

NYSE:BWA opened at $36.44 on Friday. The firm’s fifty day simple moving average is $33.10 and its 200 day simple moving average is $33.72. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.09 and a beta of 1.30.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. The company had revenue of $3.60 billion during 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 for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. As a group, equities research analysts expect that BorgWarner Inc. will post 3.94 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared 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. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

BorgWarner Company 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.