Amalgamated Bank Sells 2,967 Shares of BorgWarner Inc. (NYSE:BWA)

Amalgamated Bank trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,956 shares of the auto parts company’s stock after selling 2,967 shares during the period. Amalgamated Bank’s holdings in BorgWarner were worth $1,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue lifted its stake in BorgWarner by 96.3% in the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock valued at $1,650,000 after buying an additional 25,475 shares during the period. Wellington Management Group LLP increased its stake in shares of BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after acquiring an additional 394 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of BorgWarner in the 3rd quarter valued at approximately $908,000. Merit Financial Group LLC boosted its stake in BorgWarner by 33.2% during the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after acquiring an additional 4,537 shares during the last quarter. Finally, Swedbank AB grew its holdings in BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after purchasing an additional 593,265 shares during the period. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

BWA has been the topic of a number of recent analyst reports. Guggenheim reissued a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays lowered their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Morgan Stanley cut their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Evercore ISI lowered their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.53.

BorgWarner Trading Down 3.3 %

BorgWarner stock opened at $28.80 on Tuesday. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 0.77 and a beta of 1.18. The firm has a 50-day moving average of $31.23 and a 200-day moving average of $33.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a one year low of $28.54 and a one year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data 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, equities analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

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.