AMG National Trust Bank Has $670,000 Holdings in BorgWarner Inc. (NYSE:BWA)

AMG National Trust Bank lowered its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,167 shares of the auto parts company's stock after selling 22,173 shares during the quarter. AMG National Trust Bank's holdings in BorgWarner were worth $670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Edgestream Partners L.P. raised its holdings in shares of BorgWarner by 95.9% in the 4th quarter. Edgestream Partners L.P. now owns 212,085 shares of the auto parts company's stock valued at $6,742,000 after purchasing an additional 103,825 shares during the period. Raymond James Financial Inc. bought a new stake in BorgWarner in the fourth quarter valued at approximately $3,860,000. Arizona State Retirement System boosted its stake in shares of BorgWarner by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company's stock worth $2,101,000 after acquiring an additional 498 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of BorgWarner during the 4th quarter worth approximately $1,197,000. Finally, Jones Financial Companies Lllp raised its stake in BorgWarner by 64.6% in the 4th quarter. Jones Financial Companies Lllp now owns 24,976 shares of the auto parts company's stock valued at $794,000 after acquiring an additional 9,799 shares during the period. Institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of BWA traded down $0.68 during trading hours on Wednesday, reaching $28.57. The stock had a trading volume of 3,319,720 shares, compared to its average volume of 2,478,803. The stock has a market capitalization of $6.25 billion, a PE ratio of 19.98, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 12 month low of $27.90 and a 12 month high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company's 50-day moving average is $30.84 and its two-hundred day moving average is $32.82.

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BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.54%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on 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 trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last 90 days. 0.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BWA. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company boosted their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group decreased their price objective on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Morgan Stanley dropped their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.73.

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.