BorgWarner Inc. (NYSE:BWA) Position Cut by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,963 shares of the auto parts company’s stock after selling 7,358 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in BorgWarner were worth $3,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in BorgWarner in the 3rd quarter worth approximately $32,000. True Wealth Design LLC bought a new position in BorgWarner in the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC grew its holdings in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in BorgWarner in the 3rd quarter worth approximately $62,000. Finally, Capital Performance Advisors LLP bought a new position in BorgWarner in the 3rd quarter worth approximately $78,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Price Performance

BWA opened at $30.25 on Wednesday. The stock has a fifty day moving average of $31.78 and a 200-day moving average of $33.12. The firm has a market capitalization of $6.61 billion, a P/E ratio of 21.15, a PEG ratio of 0.63 and a beta of 1.18. BorgWarner Inc. has a 12-month low of $28.65 and a 12-month high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that BorgWarner Inc. will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.45%. BorgWarner’s payout ratio is currently 30.77%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BWA shares. Barclays decreased their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Evercore ISI decreased their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

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.