BorgWarner Inc. (NYSE:BWA) Shares Sold by RMR Wealth Builders

RMR Wealth Builders trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,205 shares of the auto parts company’s stock after selling 571 shares during the period. RMR Wealth Builders’ holdings in BorgWarner were worth $261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in BorgWarner by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after acquiring an additional 1,640,503 shares during the period. Geode Capital Management LLC lifted its stake in shares of BorgWarner by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock valued at $231,376,000 after purchasing an additional 217,050 shares during the period. Pacer Advisors Inc. boosted its holdings in BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares in the last quarter. Earnest Partners LLC grew its position in BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after buying an additional 669,137 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after buying an additional 445,540 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Down 1.7 %

Shares of NYSE:BWA opened at $31.01 on Friday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The stock has a market cap of $6.78 billion, a P/E ratio of 7.87, a PEG ratio of 0.77 and a beta of 1.20. The business has a fifty day moving average of $33.42 and a two-hundred day moving average of $33.38. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company earned $0.98 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, research analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Analysts Set New Price Targets

BWA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group lowered their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Wells Fargo & Company cut 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. JPMorgan Chase & Co. decreased 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. Finally, Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.07.

Insiders Place Their Bets

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

About BorgWarner

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.