Natixis Advisors L.P. Sells 43,717 Shares of BorgWarner Inc. (NYSE:BWA)

Natixis Advisors L.P. cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 534,932 shares of the auto parts company’s stock after selling 43,717 shares during the period. Natixis Advisors L.P.’s holdings in BorgWarner were worth $19,177,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Boston Partners lifted its position in shares of BorgWarner by 58.9% during 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 in the last quarter. Invesco Ltd. increased its stake in shares of BorgWarner by 30.4% in the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock worth $177,591,000 after purchasing an additional 1,024,361 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of BorgWarner by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock valued at $346,614,000 after purchasing an additional 948,659 shares during the period. Ninety One UK Ltd raised its position in shares of BorgWarner by 85.1% during the 4th quarter. Ninety One UK Ltd now owns 1,656,221 shares of the auto parts company’s stock valued at $59,376,000 after purchasing an additional 761,250 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of BorgWarner by 18.3% during 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 in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

NYSE:BWA opened at $36.44 on Monday. The firm has a market capitalization of $8.37 billion, a PE ratio of 13.80, a PEG ratio of 1.09 and a beta of 1.30. The stock’s fifty day moving average is $33.10 and its 200 day moving average is $33.69. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.30 and a current ratio of 1.54.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that BorgWarner Inc. will post 3.94 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.21%. The ex-dividend date is Monday, June 3rd. BorgWarner’s payout ratio is currently 16.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BWA shares. TheStreet cut BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. The Goldman Sachs Group lowered their price target on BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Piper Sandler assumed coverage on shares of BorgWarner in a report on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective for the company. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Barclays upped their target price on shares of BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.93.

Insider Buying and Selling at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of the 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 $14,148,455.16. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares of the company’s stock, valued at $7,885,486.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the 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 completion of the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock worth $9,015,478 over the last 90 days. Company 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.