Bank of Montreal Can Sells 26,745 Shares of BorgWarner Inc. (NYSE:BWA)

Bank of Montreal Can cut its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 10.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 225,250 shares of the auto parts company's stock after selling 26,745 shares during the period. Bank of Montreal Can owned about 0.10% of BorgWarner worth $7,161,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner in the 4th quarter worth approximately $45,000. Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the 3rd quarter valued at $62,000. Generali Asset Management SPA SGR purchased a new position in BorgWarner in the 4th quarter worth $59,000. Finally, Principal Securities Inc. lifted its stake in BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BWA shares. Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. Wells Fargo & Company increased their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Cowen cut BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Evercore ISI decreased their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Robert W. Baird decreased their price objective on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and an average target price of $37.50.

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Insider Activity

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was 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 owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated 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 in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 in the last quarter. 0.63% of the stock is currently owned by insiders.

BorgWarner Stock Performance

Shares of BWA stock traded up $0.40 during trading hours on Thursday, reaching $26.42. The company had a trading volume of 986,543 shares, compared to its average volume of 3,446,890. The firm has a market cap of $5.80 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The business has a fifty day moving average price of $28.50 and a 200-day moving average price of $31.71. BorgWarner Inc. has a one year low of $24.40 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

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

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.67%. BorgWarner's payout ratio is 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.