BorgWarner Inc. (NYSE:BWA) Stake Cut by Parkside Investments LLC

Parkside Investments LLC cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 195,546 shares of the auto parts company’s stock after selling 973 shares during the period. Parkside Investments LLC’s holdings in BorgWarner were worth $6,216,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BWA. Pacer Advisors Inc. boosted its position in BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares during the last quarter. Swedbank AB raised its position in BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after acquiring an additional 593,265 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after acquiring an additional 445,540 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of BorgWarner by 4,509.5% during the 3rd quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after purchasing an additional 370,726 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of BorgWarner during the 3rd quarter valued at $11,113,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Guggenheim restated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Barclays decreased their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $40.47.

BorgWarner Stock Up 1.2 %

BWA stock opened at $32.61 on Monday. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.13 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The business’s 50-day simple moving average is $32.91 and its 200 day simple moving average is $33.40.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio is 11.17%.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 222,010 shares of company stock valued at $7,678,076. Company insiders own 0.45% of the company’s stock.

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.