Ruffer LLP Has $4.01 Million Stake in BorgWarner Inc. $BWA

Ruffer LLP lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 57.3% in the third quarter, Holdings Channel.com reports. The firm owned 91,181 shares of the auto parts company’s stock after selling 122,326 shares during the period. Ruffer LLP’s holdings in BorgWarner were worth $4,008,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BWA. Root Financial Partners LLC purchased a new stake in BorgWarner in the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its position in BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 714 shares in the last quarter. Addison Advisors LLC increased its stake in BorgWarner by 1,647.8% in the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after buying an additional 758 shares during the period. Assetmark Inc. lifted its position in BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after buying an additional 364 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of BorgWarner during the 3rd quarter valued at $41,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the completion of the transaction, the vice president owned 209,040 shares in the company, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the completion of the sale, the vice president owned 43,555 shares in the company, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,200 shares of company stock valued at $1,054,336 in the last three months. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on BWA shares. JPMorgan Chase & Co. increased their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, January 21st. Zacks Research cut shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Barclays raised their price target on shares of BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Piper Sandler reissued a “neutral” rating and set a $51.00 target price (down from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.31.

BorgWarner Trading Down 0.3%

BorgWarner stock opened at $48.30 on Thursday. The business has a 50 day moving average price of $45.46 and a two-hundred day moving average price of $43.09. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $48.93. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 76.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.06.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.BorgWarner’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. As a group, equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. BorgWarner’s payout ratio is presently 107.94%.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.