LPL Financial LLC Reduces Stock Holdings in BorgWarner Inc. (NYSE:BWA)

LPL Financial LLC reduced its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,984 shares of the auto parts company's stock after selling 13,807 shares during the quarter. LPL Financial LLC's holdings in BorgWarner were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in BorgWarner by 20.5% in the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock worth $116,230,000 after purchasing an additional 621,243 shares during the last quarter. Sei Investments Co. raised its position in shares of BorgWarner by 12.9% during the 4th quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company's stock valued at $78,561,000 after buying an additional 282,659 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of BorgWarner by 22.5% in the 4th quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company's stock valued at $62,427,000 after acquiring an additional 361,112 shares during the last quarter. Swedbank AB grew its position in BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock worth $51,454,000 after acquiring an additional 774,438 shares in the last quarter. Finally, Amundi increased its stake in BorgWarner by 20.2% during the fourth quarter. Amundi now owns 1,233,665 shares of the auto parts company's stock worth $39,071,000 after acquiring an additional 207,688 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the 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 sale, the executive vice president now owns 39,110 shares of the company's stock, valued at $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 is available at this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction that occurred 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 in the company, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Performance

NYSE BWA traded down $0.14 on Monday, reaching $26.31. 1,352,728 shares of the company's stock traded hands, compared to its average volume of 2,789,987. The stock has a 50 day moving average price of $28.38 and a 200-day moving average price of $31.53. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week 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.

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

BorgWarner Dividend Announcement

The firm 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 was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.67%. BorgWarner's dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BWA shares. StockNews.com downgraded BorgWarner from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and raised their target price for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Tuesday, March 18th. Finally, Evercore ISI cut their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.50.

BorgWarner Company 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.