RNC Capital Management LLC Has $1.07 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

RNC Capital Management LLC reduced its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,595 shares of the auto parts company's stock after selling 18,925 shares during the quarter. RNC Capital Management LLC's holdings in BorgWarner were worth $1,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BWA. Studio Investment Management LLC lifted its stake in BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock worth $102,000 after purchasing an additional 310 shares during the last quarter. Spectrum Asset Management Inc. NB CA raised its holdings in shares of BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock worth $2,158,000 after purchasing an additional 316 shares during the period. Avior Wealth Management LLC lifted its position 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 buying an additional 342 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after buying an additional 381 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock valued at $2,421,000 after buying an additional 393 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of BorgWarner stock traded down $0.68 during trading on Monday, hitting $29.35. The stock had a trading volume of 2,007,989 shares, compared to its average volume of 2,552,929. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. The business has a fifty day moving average of $32.42 and a two-hundred day moving average of $33.29. BorgWarner Inc. has a fifty-two week low of $29.33 and a fifty-two week high of $38.22. The firm has a market cap of $6.42 billion, a P/E ratio of 20.51, a PEG ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Guggenheim restated a "buy" rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Friday. Barclays reduced their price target on shares of BorgWarner from $47.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group cut their price objective on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.27.

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.