BorgWarner Inc. (NYSE:BWA) Stock Holdings Lessened by Davis R M Inc.

Davis R M Inc. cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 69.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,866 shares of the auto parts company’s stock after selling 92,178 shares during the quarter. Davis R M Inc.’s holdings in BorgWarner were worth $1,267,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of 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 during the period. Moran Wealth Management LLC raised its holdings in 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 buying an additional 932 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BorgWarner by 4.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,900 shares of the auto parts company’s stock valued at $1,809,000 after buying an additional 2,389 shares in the last quarter. Personal CFO Solutions LLC increased its position in shares of BorgWarner by 137.9% in the fourth quarter. Personal CFO Solutions LLC now owns 31,159 shares of the auto parts company’s stock worth $991,000 after acquiring an additional 18,059 shares in the last quarter. Finally, Amundi raised its holdings in shares of BorgWarner by 20.2% during the fourth quarter. Amundi now owns 1,233,665 shares of the auto parts company’s stock valued at $39,071,000 after acquiring an additional 207,688 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BWA opened at $29.29 on Wednesday. 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 $27.90 and a one year high of $38.23. The company’s fifty day moving average price is $30.84 and its 200 day moving average price is $32.82. The company has a market capitalization of $6.40 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21.

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

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. BorgWarner’s dividend payout ratio is 30.77%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BWA shares. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Morgan Stanley reduced their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Barclays lowered their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.73.

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

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.