BorgWarner Inc. (NYSE:BWA) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA) by 13.4% in the fourth quarter, Holdings Channel reports. The fund owned 49,040 shares of the auto parts company’s stock after selling 7,610 shares during the period. RNC Capital Management LLC’s holdings in BorgWarner were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BWA. Headlands Technologies LLC acquired a new stake in BorgWarner during the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC acquired a new stake in BorgWarner during the 4th quarter worth approximately $32,000. Bruce G. Allen Investments LLC acquired a new stake in BorgWarner during the 4th quarter worth approximately $33,000. Trust Co. of Vermont lifted its holdings in shares of BorgWarner by 49,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock valued at $40,000 after buying an additional 980 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of BorgWarner by 72.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock valued at $40,000 after buying an additional 342 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares of the company’s stock, valued at $7,885,486.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the transaction, the vice president now owns 111,964 shares in the company, valued at $3,678,017.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock valued at $9,015,478 over the last quarter. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Robert W. Baird cut BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. The Goldman Sachs Group reduced their price target on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Wells Fargo & Company reduced their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. reduced their price target on BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.05.

BorgWarner Stock Performance

BorgWarner stock opened at $34.70 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. The stock has a fifty day moving average of $32.32 and a two-hundred day moving average of $34.88. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.94 and a beta of 1.29. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. BorgWarner’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. On average, analysts anticipate that BorgWarner Inc. will post 3.91 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, February 29th. BorgWarner’s dividend payout ratio is currently 16.48%.

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.