Foster & Motley Inc. Reduces Stock Position in BorgWarner Inc. (NYSE:BWA)

Foster & Motley Inc. lowered its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,652 shares of the auto parts company’s stock after selling 2,431 shares during the period. Foster & Motley Inc.’s holdings in BorgWarner were worth $669,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of BorgWarner during the third quarter worth $28,000. Sound Income Strategies LLC bought a new position in shares of BorgWarner in the fourth quarter worth $32,000. Bruce G. Allen Investments LLC bought a new position in shares of BorgWarner in the fourth quarter worth $33,000. Trust Co. of Vermont increased its holdings in shares of BorgWarner by 49,000.0% in the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 980 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of BorgWarner in the third quarter worth $51,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,503 shares of company stock worth $9,015,478. Insiders own 0.63% of the company’s stock.

BorgWarner Trading Up 0.8 %

Shares of BorgWarner stock opened at $33.34 on Wednesday. The company’s fifty day simple moving average is $32.58 and its 200-day simple moving average is $34.00. The stock has a market capitalization of $7.66 billion, a PE ratio of 12.49, a P/E/G ratio of 0.99 and a beta of 1.31. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $50.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.32%. BorgWarner’s payout ratio is 16.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BWA shares. TheStreet cut shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. reduced their target price on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Wells Fargo & Company reduced their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Finally, Barclays increased their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

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.