BorgWarner Inc. (NYSE:BWA) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC cut its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 94.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,880 shares of the auto parts company's stock after selling 51,688 shares during the quarter. Strengthening Families & Communities LLC's holdings in BorgWarner were worth $92,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of BorgWarner in the 3rd quarter worth $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner during the 3rd quarter worth $38,000. Avior Wealth Management LLC grew its holdings in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares during the period. Trust Co. of Vermont grew its holdings in shares of BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock worth $50,000 after purchasing an additional 645 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner during the 3rd quarter worth $62,000. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Up 2.9 %

BWA stock traded up $0.84 during mid-day trading on Friday, reaching $30.24. The company had a trading volume of 2,915,066 shares, compared to its average volume of 2,608,619. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The firm has a fifty day simple moving average of $31.95 and a 200 day simple moving average of $33.17. BorgWarner Inc. has a fifty-two week low of $28.65 and a fifty-two week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. Analysts forecast that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner's dividend payout ratio is currently 30.77%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now owns 206,969 shares of the company's stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BWA shares. StockNews.com cut BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Guggenheim reiterated a "buy" rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. The Goldman Sachs Group lowered their price target on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI lowered their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and a consensus price target of $40.20.

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.