BorgWarner Inc. (NYSE:BWA) Shares Sold by Moon Capital Management LP
Moon Capital Management LP lessened its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 73.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
Moon Capital Management LP lessened its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 73.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,399 shares of the auto parts company's stock after selling 82,520 shares during the quarter. BorgWarner comprises approximately 0.7% of Moon Capital Management LP's holdings, making the stock its 15th biggest holding. Moon Capital Management LP's holdings in BorgWarner were worth $935,000 at the end of the most recent reporting period.
- 3 Must-Buy Stocks Boosting Value with Buybacks—Act Now
Other institutional investors also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in BorgWarner by 4.0% in the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after acquiring an additional 595 shares during the last quarter. Norges Bank acquired a new position in shares of BorgWarner in the 4th quarter valued at about $62,180,000. State of Alaska Department of Revenue grew its holdings in shares of BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after purchasing an additional 25,475 shares during the period. Proficio Capital Partners LLC acquired a new stake in BorgWarner during the 4th quarter worth approximately $1,197,000. Finally, AIA Group Ltd purchased a new position in BorgWarner in the fourth quarter valued at approximately $1,599,000. 95.67% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction dated 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. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by insiders.
Analyst Ratings Changes
- Is Adient’s guidance cut a positive sign for the auto suppliers?
Several equities research analysts have recently issued reports on BWA shares. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a research report on Tuesday, March 18th. Morgan Stanley cut their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and raised their target price for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Finally, Barclays decreased their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.19.
View Our Latest Report on BWA
BorgWarner Stock Performance
BWA stock opened at $28.28 on Friday. The firm has a market cap of $6.21 billion, a P/E ratio of 19.78, a P/E/G ratio of 0.77 and a beta of 1.12. The stock's 50 day simple moving average is $28.14 and its 200 day simple moving average is $31.32. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $38.23.
BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.
BorgWarner Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 1.56%. BorgWarner's payout ratio is currently 30.77%.
BorgWarner Company Profile
(Free Report)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.
Recommended Stories
- Five stocks we like better than BorgWarner
- What is a penny stock? A comprehensive guide
- Short Sellers Gave Up on These 3 Names Recently
- How to Find Undervalued Stocks
- 3 Boring Stocks Outperforming the Market This Year
- The 3 Best Fintech Stocks to Buy Now
- If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in BorgWarner Right Now?
Before you consider BorgWarner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BorgWarner wasn't on the list.
While BorgWarner currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
