Meeder Asset Management Inc. Cuts Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Meeder Asset Management Inc. cut its stake in BorgWarner Inc. (NYSE:BWA) by 66.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 849 shares of the auto parts company’s stock after selling 1,667 shares during the period. Meeder Asset Management Inc.’s holdings in BorgWarner were worth $27,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of BorgWarner by 31.3% during the fourth 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. Janney Montgomery Scott LLC grew its holdings in BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after acquiring an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of BorgWarner by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after purchasing an additional 393 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of BorgWarner by 1.4% in the 3rd 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. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of BorgWarner by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock worth $1,537,000 after purchasing an additional 450 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on BWA. Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. Barclays lowered their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. BNP Paribas raised shares of 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. Wells Fargo & Company upped their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $39.06.

BorgWarner Trading Up 1.9 %

NYSE BWA opened at $29.09 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.39 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 52-week low of $27.65 and a 52-week high of $38.23. The firm has a 50-day moving average price of $29.87 and a 200 day moving average price of $32.36.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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 research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.51%. BorgWarner’s payout ratio is currently 30.77%.

BorgWarner 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.