Sei Investments Co. trimmed its position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 4.6% in the 1st quarter, Holdings Channel reports. The firm owned 2,687,263 shares of the auto parts company’s stock after selling 129,080 shares during the period. Sei Investments Co.’s holdings in BorgWarner were worth $145,811,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Inspire Investing LLC grew its holdings in BorgWarner by 2.8% in the 4th quarter. Inspire Investing LLC now owns 7,223 shares of the auto parts company’s stock valued at $325,000 after buying an additional 195 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of BorgWarner by 1.0% in the 4th quarter. Lazard Asset Management LLC now owns 21,719 shares of the auto parts company’s stock valued at $979,000 after acquiring an additional 206 shares during the period. Arjuna Capital raised its position in BorgWarner by 0.6% in the fourth quarter. Arjuna Capital now owns 34,932 shares of the auto parts company’s stock valued at $1,574,000 after purchasing an additional 215 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in BorgWarner by 3.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,064 shares of the auto parts company’s stock worth $383,000 after acquiring an additional 216 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of BorgWarner by 0.7% in the fourth quarter. Quadrant Capital Group LLC now owns 34,538 shares of the auto parts company’s stock valued at $1,556,000 after purchasing an additional 246 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.
BorgWarner Price Performance
BorgWarner stock opened at $64.43 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 1.37 and a beta of 1.09. The firm has a 50 day moving average price of $67.92 and a 200 day moving average price of $58.95. BorgWarner Inc. has a 1 year low of $34.27 and a 1 year high of $78.82.
BorgWarner Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.68 annualized dividend and a yield of 1.1%. BorgWarner’s dividend payout ratio (DPR) is 40.24%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on BWA. TD Cowen upped their target price on shares of BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Wells Fargo & Company raised their price target on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Wolfe Research restated an “outperform” rating and set a $95.00 price objective on shares of BorgWarner in a research report on Wednesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price objective on shares of BorgWarner in a research report on Thursday, June 11th. Finally, Morgan Stanley lifted their target price on shares of BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.57.
View Our Latest Stock Report on BorgWarner
Insider Buying and Selling
In related news, VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the vice president directly owned 203,746 shares of the company’s stock, valued at approximately $13,243,490. The trade was a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 5,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $63.24, for a total transaction of $316,200.00. Following the completion of the transaction, the executive vice president owned 35,365 shares of the company’s stock, valued at $2,236,482.60. This trade represents a 12.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 67,500 shares of company stock valued at $4,310,115. Corporate insiders own 0.76% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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