BorgWarner Inc. (NYSE:BWA) Shares Sold by Parkside Investments LLC

Parkside Investments LLC decreased its position in BorgWarner Inc. (NYSE:BWA) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,546 shares of the auto parts company’s stock after selling 973 shares during the quarter. Parkside Investments LLC owned 0.09% of BorgWarner worth $6,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Matrix Trust Co acquired a new position in BorgWarner in the third quarter worth $25,000. Brooklyn Investment Group bought a new position in shares of BorgWarner in the 3rd quarter worth about $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at about $38,000. Avior Wealth Management LLC grew its position in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 645 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $32.61 on Monday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $32.91 and its two-hundred day moving average price is $33.40. The stock has a market cap of $7.13 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the sale, the vice president now owns 37,640 shares in the company, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock valued at $7,678,076 over the last three months. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays decreased their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company reduced their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $40.47.

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.