Atria Investments Inc Sells 13,298 Shares of BorgWarner Inc. (NYSE:BWA)

Atria Investments Inc lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,675 shares of the auto parts company's stock after selling 13,298 shares during the quarter. Atria Investments Inc's holdings in BorgWarner were worth $625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in BorgWarner during the third quarter valued at approximately $32,000. True Wealth Design LLC acquired a new position in BorgWarner during the third quarter valued at approximately $38,000. 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 valued at $46,000 after purchasing an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner during the third quarter valued at approximately $62,000. Finally, Principal Securities Inc. grew its holdings in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Activity

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last three months. 0.45% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BWA shares. Wells Fargo & Company raised their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. StockNews.com lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Friday. Guggenheim set a $38.00 price target on shares of BorgWarner in a research report on Wednesday, March 5th. Finally, TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.27.

BorgWarner Price Performance

Shares of BWA traded up $0.47 during mid-day trading on Tuesday, hitting $28.82. 3,837,283 shares of the company traded hands, compared to its average volume of 2,468,560. BorgWarner Inc. has a one year low of $27.65 and a one year high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $30.57 and a 200 day moving average of $32.67. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.77 and a beta of 1.21.

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

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

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.