BorgWarner Inc. (NYSE:BWA) Stake Trimmed by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lowered its stake in BorgWarner Inc. (NYSE:BWA) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,350 shares of the auto parts company’s stock after selling 520 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in BorgWarner were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after acquiring an additional 394 shares during the period. Mirabella Financial Services LLP acquired a new stake in BorgWarner during the 3rd quarter worth about $908,000. Merit Financial Group LLC lifted its holdings in shares of BorgWarner by 33.2% during the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock valued at $579,000 after buying an additional 4,537 shares during the last quarter. Swedbank AB lifted its holdings in shares of BorgWarner by 236.5% during the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares during the last quarter. Finally, HITE Hedge Asset Management LLC lifted its holdings in shares of BorgWarner by 28.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after buying an additional 64,126 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA opened at $29.46 on Wednesday. The stock has a market cap of $6.44 billion, a PE ratio of 20.60, a P/E/G ratio of 0.63 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 1 year low of $29.23 and a 1 year high of $38.22. The stock’s 50 day simple moving average is $32.23 and its 200-day simple moving average is $33.25.

BorgWarner (NYSE:BWA) last released its quarterly earnings data 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%. Sell-side analysts forecast that BorgWarner Inc. will post 4.54 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Guggenheim reiterated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Barclays cut their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. 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. Finally, StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by insiders.

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.