Flputnam Investment Management Co. Lowers Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Flputnam Investment Management Co. trimmed its position in shares of BorgWarner Inc. (NYSE:BWA) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 91,324 shares of the auto parts company’s stock after selling 8,686 shares during the period. Flputnam Investment Management Co.’s holdings in BorgWarner were worth $3,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BWA. Norges Bank purchased a new position in shares of BorgWarner in the 4th quarter valued at about $92,430,000. Nuveen Asset Management LLC boosted its stake in shares of BorgWarner by 351.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,679,073 shares of the auto parts company’s stock valued at $131,033,000 after buying an additional 2,085,433 shares during the period. Boston Partners boosted its stake in shares of BorgWarner by 58.9% in the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after buying an additional 1,951,783 shares during the period. Invesco Ltd. boosted its stake in shares of BorgWarner by 30.4% in the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after buying an additional 1,024,361 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of BorgWarner by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock valued at $169,132,000 after buying an additional 648,633 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Down 2.1 %

BWA opened at $32.43 on Wednesday. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The business’s 50 day moving average is $32.52 and its two-hundred day moving average is $34.23. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. On average, research analysts predict that BorgWarner Inc. will post 3.9 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, February 29th. BorgWarner’s payout ratio is currently 16.48%.

Insider Activity

In other news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now owns 249,013 shares of the company’s stock, valued at $8,217,429. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the sale, the vice president now directly owns 111,964 shares in the company, valued at $3,678,017.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the sale, the vice president now 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 have sold 287,503 shares of company stock valued at $9,015,478. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Piper Sandler assumed coverage on BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 target price on the stock. Wells Fargo & Company cut their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group cut their target price on BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.30.

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.