Gamco Investors INC. ET AL Has $11.16 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Gamco Investors INC. ET AL lessened its stake in BorgWarner Inc. (NYSE:BWA) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,000 shares of the auto parts company’s stock after selling 2,600 shares during the quarter. Gamco Investors INC. ET AL’s holdings in BorgWarner were worth $11,158,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BWA. Truist Financial Corp boosted its stake in BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after purchasing an additional 595 shares during the period. Norges Bank acquired a new position in shares of BorgWarner during the fourth quarter worth about $62,180,000. State of Alaska Department of Revenue boosted its position in shares of BorgWarner by 96.3% during the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares during the period. Proficio Capital Partners LLC bought a new position in shares of BorgWarner during the fourth quarter worth about $1,197,000. Finally, Wellington Management Group LLP raised its position in BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 1.3 %

BWA opened at $26.10 on Wednesday. The stock’s fifty day simple moving average is $28.58 and its 200 day simple moving average is $31.75. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. The stock has a market cap of $5.73 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

BWA has been the subject of several research reports. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a research note on Tuesday, March 18th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Saturday. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Evercore ISI reduced their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Insider Activity

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction 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 directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction 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 in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.63% of the stock is owned by insiders.

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.