abrdn plc Has $3.64 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

abrdn plc grew its stake in BorgWarner Inc. (NYSE:BWA) by 68.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,523 shares of the auto parts company’s stock after buying an additional 41,283 shares during the quarter. abrdn plc’s holdings in BorgWarner were worth $3,640,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Ninety One UK Ltd boosted its stake in BorgWarner by 85.1% in the 4th quarter. Ninety One UK Ltd now owns 1,656,221 shares of the auto parts company’s stock worth $59,376,000 after purchasing an additional 761,250 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of BorgWarner by 6.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,939 shares of the auto parts company’s stock worth $751,000 after buying an additional 1,250 shares during the period. Desjardins Global Asset Management Inc. grew its holdings in shares of BorgWarner by 1.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 46,890 shares of the auto parts company’s stock worth $1,681,000 after buying an additional 498 shares in the last quarter. LifePlan Financial LLC acquired a new stake in BorgWarner in the 4th quarter valued at approximately $1,118,000. Finally, Capital Analysts LLC lifted its stake in BorgWarner by 12.7% in the 4th quarter. Capital Analysts LLC now owns 4,512 shares of the auto parts company’s stock valued at $162,000 after acquiring an additional 509 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 3,000 shares of the business’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 completion of the transaction, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, March 5th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Volker Weng sold 20,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the transaction, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. Insiders have sold 287,503 shares of company stock worth $9,015,478 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $33.19 on Monday. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $50.04. The company’s 50 day moving average price is $32.71 and its two-hundred day moving average price is $33.86. The firm has a market cap of $7.63 billion, a PE ratio of 12.43, a PEG ratio of 0.99 and a beta of 1.31. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. Equities research analysts predict that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.11 per share. 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 16.48%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BWA shares. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Piper Sandler assumed coverage on BorgWarner in a report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective for the company. Barclays upped their target price on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $43.00 to $35.00 in a research note on Tuesday, February 20th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner 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.