BorgWarner Inc. (NYSE:BWA) Shares Sold by Searle & CO.

Searle & CO. decreased its position in BorgWarner Inc. (NYSE:BWA) by 42.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,300 shares of the auto parts company’s stock after selling 8,900 shares during the period. Searle & CO.’s holdings in BorgWarner were worth $441,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Parkside Investments LLC boosted its position in BorgWarner by 28.7% during the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after acquiring an additional 43,955 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in BorgWarner by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock valued at $25,094,000 after buying an additional 59,925 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of BorgWarner in the 3rd quarter worth approximately $833,000. Illinois Municipal Retirement Fund boosted its holdings in shares of BorgWarner by 84.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock valued at $9,341,000 after acquiring an additional 119,170 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in BorgWarner by 24.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock worth $7,305,000 after purchasing an additional 35,986 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Up 0.3 %

NYSE:BWA traded up $0.10 on Wednesday, hitting $32.87. 3,658,065 shares of the company’s stock traded hands, compared to its average volume of 2,849,945. The company has a market cap of $7.55 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $32.82 and a 200-day moving average price of $33.78. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that BorgWarner Inc. will post 3.9 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. BorgWarner’s dividend payout ratio is 16.48%.

Insider Activity at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,503 shares of company stock valued at $9,015,478. 0.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. The Goldman Sachs Group cut their target price on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, Barclays lifted their price target on shares of BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.30.

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.