Mawer Investment Management Ltd. Has $34.37 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Mawer Investment Management Ltd. decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,081,217 shares of the auto parts company’s stock after selling 82,685 shares during the quarter. Mawer Investment Management Ltd. owned about 0.49% of BorgWarner worth $34,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Daiwa Securities Group Inc. raised its position in shares of BorgWarner by 14.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 10,506 shares of the auto parts company’s stock valued at $381,000 after acquiring an additional 1,345 shares during the last quarter. Brooklyn Investment Group bought a new stake in BorgWarner in the third quarter valued at about $32,000. Glenmede Trust Co. NA lifted its stake in BorgWarner by 44.2% in the third quarter. Glenmede Trust Co. NA now owns 304,243 shares of the auto parts company’s stock valued at $11,041,000 after buying an additional 93,220 shares during the period. FORA Capital LLC bought a new position in BorgWarner during the third quarter worth about $284,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BorgWarner by 9.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,511 shares of the auto parts company’s stock worth $1,978,000 after buying an additional 4,497 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Down 2.3 %

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

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s payout ratio is presently 30.77%.

Insider Activity

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

Analysts Set New Price Targets

BWA has been the topic of a number of analyst reports. Guggenheim set a $38.00 price target on shares of BorgWarner in a research report on Wednesday, March 5th. Piper Sandler dropped their price objective on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Evercore ISI reduced their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays lowered their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.06.

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.