BorgWarner Inc. (NYSE:BWA) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 94.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,880 shares of the auto parts company’s stock after selling 51,688 shares during the period. Strengthening Families & Communities LLC’s holdings in BorgWarner were worth $92,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Studio Investment Management LLC grew its holdings in shares of BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after buying an additional 310 shares in the last quarter. Spectrum Asset Management Inc. NB CA grew its holdings in shares of BorgWarner by 0.5% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after purchasing an additional 316 shares during the period. Avior Wealth Management LLC grew its holdings in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after purchasing an additional 381 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after purchasing an additional 393 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BWA. Barclays decreased their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI decreased their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.27.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

BorgWarner Stock Down 2.3 %

Shares of NYSE:BWA opened at $29.33 on Tuesday. The firm’s 50 day moving average price is $32.32 and its 200 day moving average price is $33.27. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. BorgWarner Inc. has a fifty-two week low of $29.28 and a fifty-two week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts predict that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.50%. BorgWarner’s dividend payout ratio is currently 30.77%.

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.