Signaturefd LLC Sells 369 Shares of BorgWarner Inc. (NYSE:BWA)

Signaturefd LLC lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,260 shares of the auto parts company’s stock after selling 369 shares during the period. Signaturefd LLC’s holdings in BorgWarner were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of BorgWarner during the third quarter worth approximately $28,000. Sound Income Strategies LLC acquired a new position in BorgWarner in the 4th quarter valued at $32,000. Bruce G. Allen Investments LLC acquired a new stake in shares of BorgWarner during the fourth quarter worth $33,000. Trust Co. of Vermont lifted its holdings in shares of BorgWarner by 49,000.0% during the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after buying an additional 980 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of BorgWarner in the third quarter valued at about $51,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In related news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction that occurred 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 directly owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the transaction, the vice president now owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The disclosure for this sale can be found here. In the last quarter, insiders have sold 287,503 shares of company stock worth $9,015,478. Insiders own 0.63% of the company’s stock.

BorgWarner Price Performance

BorgWarner stock opened at $33.73 on Tuesday. The company has a market capitalization of $7.75 billion, a PE ratio of 12.63, a P/E/G ratio of 0.99 and a beta of 1.30. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $32.71 and a two-hundred day moving average price of $33.86. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04.

BorgWarner (NYSE:BWA) last posted its 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 business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that BorgWarner Inc. will post 3.9 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s payout ratio is presently 16.48%.

Analyst Ratings Changes

Several analysts have weighed in on BWA shares. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and cut their target price for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. Robert W. Baird cut BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Finally, The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus 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.