Cerity Partners LLC Lowers Stake in BorgWarner Inc. (NYSE:BWA)

Cerity Partners LLC lowered its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,327 shares of the auto parts company's stock after selling 48,086 shares during the period. Cerity Partners LLC owned 0.07% of BorgWarner worth $4,854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Avior Wealth Management LLC boosted its stake in shares of BorgWarner by 31.3% during the fourth 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 period. Janney Montgomery Scott LLC lifted its position in BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after acquiring an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of BorgWarner by 0.5% in 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 purchasing an additional 393 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after purchasing an additional 394 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of BorgWarner by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock worth $1,537,000 after purchasing an additional 450 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm'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 sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction 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 represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,800 shares of company stock valued at $1,347,701. Company insiders own 0.63% of the company's stock.

BorgWarner Price Performance

Shares of BWA traded up $0.40 during mid-day trading on Friday, reaching $26.42. 1,371,504 shares of the company's stock were exchanged, compared to its average volume of 2,790,445. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $38.23. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $28.44 and a two-hundred day simple moving average of $31.64. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 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%. On average, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.

Analyst Ratings Changes

A number of research firms recently weighed in on BWA. Wells Fargo & Company lifted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target 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 BorgWarner from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Barclays decreased their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.50.

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.