Thrivent Financial for Lutherans Trims Position in BorgWarner Inc. $BWA

Thrivent Financial for Lutherans decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 269,338 shares of the auto parts company’s stock after selling 35,324 shares during the quarter. Thrivent Financial for Lutherans’ holdings in BorgWarner were worth $11,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in BorgWarner by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,411 shares of the auto parts company’s stock valued at $1,889,000 after purchasing an additional 4,078 shares during the last quarter. CWM LLC lifted its stake in BorgWarner by 218.3% during the third quarter. CWM LLC now owns 235,861 shares of the auto parts company’s stock worth $10,368,000 after purchasing an additional 161,755 shares in the last quarter. Columbia Bank purchased a new position in shares of BorgWarner during the second quarter worth $239,000. Sivia Capital Partners LLC acquired a new stake in shares of BorgWarner in the second quarter valued at $339,000. Finally, Merit Financial Group LLC raised its holdings in shares of BorgWarner by 73.1% in the 3rd quarter. Merit Financial Group LLC now owns 44,395 shares of the auto parts company’s stock valued at $1,952,000 after buying an additional 18,749 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president directly owned 204,040 shares of the company’s stock, valued at approximately $9,385,840. The trade was a 2.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 4.0%

BWA stock opened at $50.53 on Thursday. The company’s 50 day moving average price is $46.06 and its 200 day moving average price is $43.56. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 80.21, a PEG ratio of 0.98 and a beta of 1.09. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $50.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given 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 dividend yield of 1.3%. BorgWarner’s dividend payout ratio is currently 107.94%.

Analyst Ratings Changes

BWA has been the subject of a number of research analyst reports. Piper Sandler restated a “neutral” rating and set a $51.00 target price (down from $52.00) on shares of BorgWarner in a report on Thursday, January 8th. JPMorgan Chase & Co. increased their price target on shares of BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Robert W. Baird set a $55.00 price objective on shares of BorgWarner in a research note on Wednesday, January 14th. Zacks Research downgraded shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company reduced their target price on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average price target of $47.31.

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.