abrdn plc Has $584,000 Stock Position in BorgWarner Inc. (NYSE:BWA)

abrdn plc trimmed its position in BorgWarner Inc. (NYSE:BWA) by 53.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,443 shares of the auto parts company’s stock after selling 21,166 shares during the quarter. abrdn plc’s holdings in BorgWarner were worth $584,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BWA. Financial Strategies Group Inc. lifted its holdings in shares of BorgWarner by 25.2% during the fourth quarter. Financial Strategies Group Inc. now owns 10,144 shares of the auto parts company’s stock valued at $315,000 after acquiring an additional 2,040 shares during the period. Spire Wealth Management lifted its position in BorgWarner by 611.6% during the 4th quarter. Spire Wealth Management now owns 6,838 shares of the auto parts company’s stock worth $217,000 after buying an additional 5,877 shares in the last quarter. Osborne Partners Capital Management LLC grew its holdings in BorgWarner by 1.2% during the 4th quarter. Osborne Partners Capital Management LLC now owns 366,146 shares of the auto parts company’s stock worth $11,640,000 after acquiring an additional 4,497 shares during the last quarter. Busey Bank increased its position in BorgWarner by 4.9% in the 4th quarter. Busey Bank now owns 168,412 shares of the auto parts company’s stock valued at $5,354,000 after acquiring an additional 7,882 shares in the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of BorgWarner in the fourth quarter worth about $220,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Up 0.4 %

Shares of NYSE BWA opened at $29.46 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $29.23 and a twelve month high of $38.22. The company’s fifty day moving average is $32.23 and its 200-day moving average is $33.25. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts predict that BorgWarner Inc. will post 4.54 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Guggenheim reissued a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Barclays decreased their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.20.

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.