BorgWarner Inc. (NYSE:BWA) Stake Lessened by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its position in shares of BorgWarner Inc. (NYSE:BWA) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,050 shares of the auto parts company’s stock after selling 518 shares during the period. Stratos Wealth Partners LTD.’s holdings in BorgWarner were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in BWA. Ninety One UK Ltd boosted its holdings in shares of BorgWarner by 22.5% in the fourth quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock valued at $62,427,000 after acquiring an additional 361,112 shares in the last quarter. Financial Strategies Group Inc. grew its stake in BorgWarner by 25.2% in the fourth quarter. Financial Strategies Group Inc. now owns 10,144 shares of the auto parts company’s stock valued at $315,000 after purchasing an additional 2,040 shares in the last quarter. Spire Wealth Management raised its stake in shares of BorgWarner by 611.6% during the 4th quarter. Spire Wealth Management now owns 6,838 shares of the auto parts company’s stock worth $217,000 after purchasing an additional 5,877 shares in the last quarter. Osborne Partners Capital Management LLC lifted its stake in shares of BorgWarner by 1.2% in the 4th quarter. Osborne Partners Capital Management LLC now owns 366,146 shares of the auto parts company’s stock valued at $11,640,000 after purchasing an additional 4,497 shares during the last quarter. Finally, Busey Bank raised its position in shares of BorgWarner by 4.9% in the fourth quarter. Busey Bank now owns 168,412 shares of the auto parts company’s stock valued at $5,354,000 after purchasing an additional 7,882 shares during the period. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on BWA shares. Deutsche Bank Aktiengesellschaft raised their target price on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Guggenheim restated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays reduced their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.20.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the sale, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 1.7 %

Shares of NYSE:BWA opened at $29.39 on Friday. The company has a 50 day moving average of $32.02 and a 200-day moving average of $33.19. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Dividend Announcement

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

BorgWarner Company 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.