Mawer Investment Management Ltd. Sells 82,685 Shares of BorgWarner Inc. (NYSE:BWA)

Mawer Investment Management Ltd. cut its stake in BorgWarner Inc. (NYSE:BWA) by 7.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,081,217 shares of the auto parts company’s stock after selling 82,685 shares during the quarter. Mawer Investment Management Ltd.’s holdings in BorgWarner were worth $34,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in BorgWarner in the third quarter valued at about $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at approximately $38,000. Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of BorgWarner during the 3rd quarter worth approximately $62,000. Finally, Generali Asset Management SPA SGR bought a new position in BorgWarner in the fourth quarter valued at approximately $59,000. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Trading Down 2.3 %

Shares of BWA stock opened at $28.18 on Friday. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a 50 day simple moving average of $30.08 and a two-hundred day simple moving average of $32.42. The company has a market cap of $6.19 billion, a P/E ratio of 19.70, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. BorgWarner’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BWA. Wells Fargo & Company boosted their price target on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler cut their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 in the last three months. Corporate insiders own 0.45% of the company’s stock.

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.