BorgWarner Inc. (NYSE:BWA) Shares Sold by Nia Impact Advisors LLC

Nia Impact Advisors LLC decreased its stake in BorgWarner Inc. (NYSE:BWA) by 80.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,137 shares of the auto parts company’s stock after selling 45,242 shares during the period. Nia Impact Advisors LLC’s holdings in BorgWarner were worth $354,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in BorgWarner by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company’s stock worth $358,720,000 after purchasing an additional 753,344 shares during the period. Invesco Ltd. increased its holdings in BorgWarner by 10.2% during the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company’s stock valued at $216,014,000 after acquiring an additional 628,930 shares in the last quarter. Alliancebernstein L.P. increased its holdings in BorgWarner by 6.8% during the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company’s stock valued at $190,142,000 after acquiring an additional 381,504 shares in the last quarter. LSV Asset Management increased its holdings in BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after acquiring an additional 792,100 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of BorgWarner by 0.7% during the fourth quarter. Earnest Partners LLC now owns 3,927,415 shares of the auto parts company’s stock worth $124,853,000 after buying an additional 27,960 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity

In other news, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the sale, the executive vice president now directly owns 214,521 shares of the company’s stock, valued at approximately $7,042,724.43. This represents a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,036 shares of company stock worth $1,851,114 in the last 90 days. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the topic of several research analyst reports. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a research report on Tuesday, March 18th. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Wells Fargo & Company raised their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.47.

BorgWarner Price Performance

Shares of NYSE BWA opened at $33.15 on Wednesday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 0.77 and a beta of 1.08. The firm has a 50-day moving average of $28.28 and a two-hundred day moving average of $30.91.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio is 35.20%.

About BorgWarner

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.