BorgWarner Inc. (NYSE:BWA) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in BorgWarner Inc. (NYSE:BWA) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,861 shares of the auto parts company’s stock after selling 23,824 shares during the period. Wedge Capital Management L L P NC owned approximately 0.16% of BorgWarner worth $10,900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in BorgWarner during the third quarter worth about $25,000. Brooklyn Investment Group acquired a new position in shares of BorgWarner in the 3rd quarter worth approximately $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner in the 3rd quarter worth approximately $38,000. Trust Co. of Vermont lifted 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 valued at $50,000 after purchasing an additional 645 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in BorgWarner during the third quarter worth approximately $62,000. 95.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This 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 over the last quarter. Insiders own 0.63% of the company’s stock.

BorgWarner Stock Up 1.0 %

Shares of BorgWarner stock opened at $32.33 on Friday. The stock has a 50-day simple moving average of $33.14 and a 200-day simple moving average of $33.37. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 0.62 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. On average, equities research analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal 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 issued a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.36%. BorgWarner’s dividend payout ratio (DPR) is currently 11.17%.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of recent research reports. 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. Guggenheim reiterated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $39.00 to $43.00 in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.73.

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.