Mount Yale Investment Advisors LLC Cuts Holdings in BorgWarner Inc. (NYSE:BWA)

Mount Yale Investment Advisors LLC lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,580 shares of the auto parts company’s stock after selling 72,695 shares during the period. Mount Yale Investment Advisors LLC’s holdings in BorgWarner were worth $1,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Matrix Trust Co purchased a new stake in BorgWarner during the 3rd quarter worth $25,000. Brooklyn Investment Group purchased a new stake in shares of BorgWarner in the third quarter worth about $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner in the third quarter worth about $38,000. Trust Co. of Vermont grew its stake in shares of BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after buying an additional 645 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of BWA opened at $32.61 on Monday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The stock has a fifty day moving average price of $32.91 and a 200 day moving average price of $33.40. The company has a market cap of $7.13 billion, a P/E ratio of 8.28, a PEG ratio of 0.63 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. On average, research analysts forecast 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 given a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. BorgWarner’s dividend payout ratio is presently 11.17%.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 directly owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 in the last three months. 0.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on BWA. Guggenheim reiterated a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. The Goldman Sachs Group dropped their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Barclays dropped their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.47.

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.