Leeward Investments LLC MA Decreases Position in BorgWarner Inc. (NYSE:BWA)

Leeward Investments LLC MA lessened its stake in BorgWarner Inc. (NYSE:BWA) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 146,094 shares of the auto parts company’s stock after selling 5,002 shares during the quarter. Leeward Investments LLC MA owned approximately 0.07% of BorgWarner worth $4,644,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after buying an additional 4,625,685 shares during the period. Swedbank AB increased its holdings in BorgWarner by 91.7% in the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after acquiring an additional 774,438 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in BorgWarner by 3,195.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock valued at $18,366,000 after acquiring an additional 568,594 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after purchasing an additional 445,540 shares during the last quarter. Finally, Bridgewater Associates LP boosted its position in BorgWarner by 4,509.5% during the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after purchasing an additional 370,726 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BWA shares. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company lifted their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group dropped their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $40.57.

BorgWarner Trading Down 2.5 %

Shares of BWA opened at $29.49 on Monday. BorgWarner Inc. has a 1-year low of $28.65 and a 1-year high of $38.22. The company has a market capitalization of $6.45 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The firm’s 50 day simple moving average is $31.48 and its 200 day simple moving average is $33.07.

BorgWarner (NYSE:BWA) last posted 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%. Sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

Insider Activity

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

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.