PGGM Investments Has $1.12 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

PGGM Investments lowered its position in shares of BorgWarner Inc. (NYSE:BWA) by 66.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,160 shares of the auto parts company’s stock after selling 61,138 shares during the quarter. PGGM Investments’ holdings in BorgWarner were worth $1,117,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in BorgWarner during the 3rd quarter valued at $28,000. Sound Income Strategies LLC acquired a new position in BorgWarner in the 4th quarter worth about $32,000. Bruce G. Allen Investments LLC purchased a new stake in shares of BorgWarner during the 4th quarter worth about $33,000. Trust Co. of Vermont lifted its holdings in shares of BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock valued at $40,000 after buying an additional 980 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of BorgWarner in the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The disclosure for this sale can be found here. Insiders have sold 287,503 shares of company stock valued at $9,015,478 in the last 90 days. 0.63% of the stock is currently owned by company insiders.

BorgWarner Stock Up 1.6 %

Shares of BWA stock opened at $33.73 on Tuesday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The firm has a market cap of $7.75 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30. The stock has a 50 day moving average of $32.71 and a 200-day moving average of $33.86.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.03). The firm 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 was up 6.2% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. On average, equities analysts predict that BorgWarner Inc. will post 3.9 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.30%. BorgWarner’s dividend payout ratio is currently 16.48%.

Analyst Ratings Changes

A number of analysts have issued reports on BWA shares. Piper Sandler initiated coverage on shares of BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 target price for the company. Barclays upped their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. The Goldman Sachs Group decreased their price target on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, Robert W. Baird downgraded BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.30.

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.