BorgWarner Inc. (NYSE:BWA) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,071 shares of the auto parts company’s stock after selling 1,651 shares during the period. Schechter Investment Advisors LLC’s holdings in BorgWarner were worth $1,006,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BWA. JPMorgan Chase & Co. boosted its stake in shares of BorgWarner by 25.2% during the first quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock worth $14,458,000 after buying an additional 74,902 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in BorgWarner by 86.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock valued at $859,000 after purchasing an additional 10,257 shares during the period. MetLife Investment Management LLC lifted its position in BorgWarner by 23.1% in the first quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock valued at $2,537,000 after purchasing an additional 12,257 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in BorgWarner by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock valued at $1,248,000 after purchasing an additional 1,987 shares during the period. Finally, Yousif Capital Management LLC lifted its position in BorgWarner by 1.8% in the first quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock valued at $1,802,000 after purchasing an additional 840 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Volker Weng sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,503 shares of company stock valued at $9,015,478. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $34.70 on Thursday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. The firm has a market capitalization of $7.97 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.94 and a beta of 1.29. The company’s fifty day moving average price is $32.32 and its two-hundred day moving average price is $34.88.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 3.91 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s payout ratio is currently 16.48%.

Analysts Set New Price Targets

BWA has been the subject of a number of research reports. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. TheStreet cut shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. The Goldman Sachs Group dropped their price objective 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. Robert W. Baird cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.05.

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.