BorgWarner Inc. (NYSE:BWA) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 26.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,256 shares of the auto parts company’s stock after selling 800 shares during the period. Global Trust Asset Management LLC’s holdings in BorgWarner were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in BorgWarner by 3.5% during the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock valued at $231,376,000 after buying an additional 217,050 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after acquiring an additional 4,625,685 shares during the period. Earnest Partners LLC lifted its holdings in shares of BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after acquiring an additional 669,137 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after purchasing an additional 445,540 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company reduced their target price on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Guggenheim reaffirmed a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Finally, The Goldman Sachs Group cut their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $40.47.

BorgWarner Price Performance

Shares of BWA opened at $31.81 on Thursday. 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 firm has a market cap of $6.96 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 0.64 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The stock has a 50 day moving average of $32.99 and a 200-day moving average of $33.38.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, analysts forecast that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. BorgWarner’s dividend payout ratio is currently 11.17%.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the 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 in the company, valued at $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock worth $7,678,076 over the last ninety days. Company insiders own 0.63% of the company’s stock.

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.