Creative Planning Cuts Holdings in BorgWarner Inc. (NYSE:BWA)

Creative Planning trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,071 shares of the auto parts company’s stock after selling 451 shares during the quarter. Creative Planning’s holdings in BorgWarner were worth $220,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its stake in BorgWarner by 146.1% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 566 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 336 shares in the last quarter. Usca Ria LLC acquired a new stake in BorgWarner in the third quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC boosted its stake in BorgWarner by 46.7% in the third quarter. Steward Partners Investment Advisory LLC now owns 898 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 286 shares in the last quarter. Covington Capital Management acquired a new stake in BorgWarner in the third quarter valued at approximately $40,000. Finally, Quadrant Capital Group LLC boosted its stake in BorgWarner by 69.2% in the third quarter. Quadrant Capital Group LLC now owns 2,071 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 847 shares in the last quarter. 91.38% of the stock is currently owned by institutional investors.

NYSE:BWA opened at $34.15 on Friday. BorgWarner Inc. has a 12 month low of $30.71 and a 12 month high of $46.60. The firm has a fifty day simple moving average of $39.10 and a 200-day simple moving average of $38.84. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $7.24 billion, a P/E ratio of 9.49, a PEG ratio of 1.13 and a beta of 1.91.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 13th. The auto parts company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.14. BorgWarner had a net margin of 7.34% and a return on equity of 19.05%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts forecast that BorgWarner Inc. will post 4.01 EPS for the current year.

BorgWarner announced that its board has approved a stock buyback program on Tuesday, January 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to purchase up to 14.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.99%. BorgWarner’s payout ratio is currently 16.46%.

Several brokerages have weighed in on BWA. Barclays restated a “buy” rating and issued a $46.00 target price on shares of BorgWarner in a research note on Sunday, November 3rd. Bank of America upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, January 29th. ValuEngine upgraded shares of BorgWarner from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. Wolfe Research downgraded shares of BorgWarner from an “outperform” rating to a “peer perform” rating and lowered their target price for the company from $50.00 to $46.00 in a research note on Friday, November 22nd. Finally, TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.71.

BorgWarner Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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