First Community Trust NA Grows Position in BorgWarner Inc. (NYSE:BWA)

First Community Trust NA raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 12.2% in the 4th quarter, Holdings Channel reports. The firm owned 7,079 shares of the auto parts company’s stock after acquiring an additional 770 shares during the period. First Community Trust NA’s holdings in BorgWarner were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BWA. Wellington Management Group LLP raised its stake in BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after purchasing an additional 394 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of BorgWarner during the 3rd quarter valued at about $908,000. Swedbank AB lifted its holdings in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after acquiring an additional 593,265 shares during the last quarter. HITE Hedge Asset Management LLC grew its position in BorgWarner by 28.4% in the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock worth $10,536,000 after acquiring an additional 64,126 shares in the last quarter. Finally, Edgestream Partners L.P. grew its position in BorgWarner by 191.2% in the second quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock worth $6,246,000 after acquiring an additional 127,212 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, 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 sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of 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 sold 222,010 shares of company stock valued at $7,678,076 over the last quarter. 0.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BWA. Deutsche Bank Aktiengesellschaft raised their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Wells Fargo & Company cut their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $41.07.

BorgWarner Price Performance

NYSE BWA opened at $31.85 on Wednesday. The company has a market cap of $6.97 billion, a PE ratio of 8.08, a P/E/G ratio of 0.77 and a beta of 1.20. The firm’s 50 day moving average price is $33.29 and its 200-day moving average price is $33.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business earned $0.98 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. Sell-side analysts forecast that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

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.