National Bank of Canada FI Boosts Stock Position in BorgWarner Inc. (NYSE:BWA)

National Bank of Canada FI boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,275 shares of the auto parts company’s stock after purchasing an additional 9,622 shares during the quarter. National Bank of Canada FI’s holdings in BorgWarner were worth $3,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Truist Financial Corp raised its stake in BorgWarner by 4.0% during the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after purchasing an additional 595 shares during the period. Norges Bank purchased a new position in BorgWarner in the fourth quarter worth approximately $62,180,000. State of Alaska Department of Revenue increased its stake in BorgWarner by 96.3% during the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after acquiring an additional 25,475 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of BorgWarner during the 4th quarter worth $1,197,000. Finally, Wellington Management Group LLP boosted its stake in BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after buying an additional 394 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, 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 worth $1,347,701 over the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWA. TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday, March 7th. Evercore ISI lowered their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Morgan Stanley cut their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Piper Sandler lowered their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average target price of $39.06.

BorgWarner Trading Down 0.4 %

NYSE:BWA opened at $25.77 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a 1 year low of $24.59 and a 1 year high of $38.23. The stock has a market cap of $5.66 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.77 and a beta of 1.12. The stock has a 50-day simple moving average of $29.49 and a 200-day simple moving average of $32.21.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS 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%. As a group, analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.71%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

About BorgWarner

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.