Charles Schwab Investment Management Inc. Sells 17,769 Shares of BorgWarner Inc. (NYSE:BWA)

Charles Schwab Investment Management Inc. cut its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,229,500 shares of the auto parts company's stock after selling 17,769 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of BorgWarner worth $70,876,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BWA. Geode Capital Management LLC boosted its stake in BorgWarner by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company's stock worth $231,376,000 after purchasing an additional 217,050 shares during the period. Pacer Advisors Inc. boosted its stake in BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company's stock worth $168,638,000 after purchasing an additional 4,625,685 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in BorgWarner by 19.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company's stock worth $100,309,000 after purchasing an additional 445,540 shares during the period. Ninety One UK Ltd boosted its stake in 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 worth $62,427,000 after purchasing an additional 361,112 shares during the period. Finally, Swedbank AB boosted its stake in BorgWarner by 91.7% in the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock worth $51,454,000 after purchasing an additional 774,438 shares during the period. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Price Performance

Shares of BWA stock opened at $29.29 on Wednesday. BorgWarner Inc. has a 1-year low of $27.90 and a 1-year high of $38.23. The stock's 50-day moving average is $30.84 and its 200 day moving average is $32.82. The company has a market cap of $6.40 billion, a P/E ratio of 20.48, a PEG ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

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BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results 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%. Research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company 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 $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insider Transactions at BorgWarner

In related 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 transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.63% of the company's stock.

Analysts Set New Price Targets

BWA has been the subject of several recent analyst reports. Morgan Stanley dropped their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. TD Cowen cut BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Evercore ISI decreased their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Cowen cut BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.73.

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.

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