Commonwealth Equity Services LLC Trims Stock Position in BorgWarner Inc. (NYSE:BWA)

Commonwealth Equity Services LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 20.2% in the fourth quarter, HoldingsChannel reports. The firm owned 91,492 shares of the auto parts company’s stock after selling 23,137 shares during the period. Commonwealth Equity Services LLC’s holdings in BorgWarner were worth $2,909,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BWA. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of BorgWarner by 33,770.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 51,483 shares of the auto parts company’s stock worth $1,629,000 after acquiring an additional 51,331 shares during the last quarter. Swiss National Bank increased its position in BorgWarner by 0.7% during the 4th quarter. Swiss National Bank now owns 447,984 shares of the auto parts company’s stock worth $14,241,000 after purchasing an additional 3,200 shares in the last quarter. Inspire Advisors LLC raised its stake in BorgWarner by 44.5% in the 4th quarter. Inspire Advisors LLC now owns 15,434 shares of the auto parts company’s stock valued at $491,000 after purchasing an additional 4,751 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in BorgWarner by 11.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,745 shares of the auto parts company’s stock valued at $373,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its stake in shares of BorgWarner by 5.5% during the 4th quarter. Moran Wealth Management LLC now owns 17,869 shares of the auto parts company’s stock worth $568,000 after purchasing an additional 932 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

NYSE:BWA opened at $29.56 on Wednesday. The firm’s fifty day simple moving average is $30.27 and its 200 day simple moving average is $32.49. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $27.65 and a twelve month high of $38.23. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Analyst Ratings Changes

Several brokerages recently issued reports on BWA. Wells Fargo & Company upped their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective on the stock in a report on Tuesday, March 18th. Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.06.

Insider Activity

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last 90 days. Company 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.