BorgWarner Inc. (NYSE:BWA) Stock Position Trimmed by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its position in BorgWarner Inc. (NYSE:BWA) by 57.4% during the 4th quarter, HoldingsChannel reports. The firm owned 113,267 shares of the auto parts company’s stock after selling 152,327 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in BorgWarner were worth $4,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of BWA. CWM LLC increased its stake in BorgWarner by 15.1% during the 3rd quarter. CWM LLC now owns 7,880 shares of the auto parts company’s stock valued at $318,000 after buying an additional 1,033 shares during the period. Exchange Traded Concepts LLC increased its stake in BorgWarner by 919.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 17,677 shares of the auto parts company’s stock valued at $714,000 after buying an additional 15,943 shares during the period. CX Institutional grew its stake in shares of BorgWarner by 9.8% in the 3rd quarter. CX Institutional now owns 6,477 shares of the auto parts company’s stock worth $261,000 after purchasing an additional 578 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of BorgWarner by 7.1% in the 3rd quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock worth $200,000 after purchasing an additional 327 shares in the last quarter. Finally, Czech National Bank lifted its stake in BorgWarner by 48.1% during the third quarter. Czech National Bank now owns 41,101 shares of the auto parts company’s stock valued at $1,659,000 after purchasing an additional 13,356 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Up 1.1 %

BorgWarner stock opened at $33.19 on Friday. The firm has a market cap of $7.63 billion, a PE ratio of 12.43, a P/E/G ratio of 0.98 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. The firm’s 50 day moving average price is $32.65 and its two-hundred day moving average price is $33.99. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The company 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 firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 EPS. On average, research analysts predict that BorgWarner Inc. will post 3.9 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner’s dividend payout ratio is presently 16.48%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BWA. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Piper Sandler began coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Barclays increased their target price on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.30.

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.