MainStreet Investment Advisors LLC Has $214,000 Holdings in BorgWarner Inc. (NYSE:BWA)

MainStreet Investment Advisors LLC decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,746 shares of the auto parts company’s stock after selling 635 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in BorgWarner were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC increased its holdings in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner during the fourth quarter worth $45,000. Avior Wealth Management LLC grew its holdings in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in BorgWarner during the fourth quarter worth $48,000. Finally, Quarry LP grew its holdings in BorgWarner by 110.6% during the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company’s stock worth $58,000 after buying an additional 959 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,036 shares of company stock valued at $1,851,114. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BWA shares. Barclays decreased their price target on BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. UBS Group upped their price target on BorgWarner from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. The Goldman Sachs Group raised BorgWarner from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company boosted their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.47.

BorgWarner Stock Down 0.5%

Shares of NYSE BWA opened at $32.96 on Thursday. BorgWarner Inc. has a one year low of $24.40 and a one year high of $37.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The business’s fifty day moving average price is $28.34 and its 200-day moving average price is $30.93. The stock has a market capitalization of $7.24 billion, a PE ratio of 23.05, a P/E/G ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

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.