Artisan Partners Limited Partnership Reduces Position in BorgWarner Inc. (NYSE:BWA)

Artisan Partners Limited Partnership lowered its stake in BorgWarner Inc. (NYSE:BWA) by 43.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 470,000 shares of the auto parts company’s stock after selling 356,757 shares during the period. Artisan Partners Limited Partnership’s holdings in BorgWarner were worth $14,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BWA. Avior Wealth Management LLC increased its position in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after purchasing an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after purchasing an additional 393 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in BorgWarner by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock valued at $1,537,000 after buying an additional 450 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Down 2.3 %

Shares of NYSE BWA opened at $28.18 on Friday. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company’s 50-day simple moving average is $30.08 and its 200-day simple moving average is $32.42. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52-week low of $27.65 and a 52-week high of $38.23.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued 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%.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI decreased their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th. Finally, Piper Sandler dropped their target price on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.06.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 in the last 90 days. 0.45% of the stock is owned by insiders.

BorgWarner Company 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.