BorgWarner Inc. (NYSE:BWA) Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,183,548 shares of the auto parts company's stock after selling 34,951 shares during the period. Evercore Wealth Management LLC owned about 0.54% of BorgWarner worth $37,625,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the 4th quarter valued at $45,000. Avior Wealth Management LLC grew its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after buying an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner during the 3rd quarter valued at about $62,000. Generali Asset Management SPA SGR acquired a new position in BorgWarner during the 4th quarter worth approximately $59,000. Finally, Principal Securities Inc. boosted its holdings in BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after acquiring an additional 720 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company's stock, 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. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last three months. Company insiders own 0.45% of the company's stock.

BorgWarner Stock Performance

Shares of BorgWarner stock traded down $0.15 during trading hours on Friday, reaching $28.28. The company's stock had a trading volume of 1,666,842 shares, compared to its average volume of 2,789,536. 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 Inc. has a one year low of $24.40 and a one year high of $38.23. The company's 50 day simple moving average is $28.14 and its 200 day simple moving average is $31.32. The stock has a market cap of $6.21 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12.

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

BorgWarner Announces Dividend

The business 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. This represents a $0.44 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Robert W. Baird reduced their target price on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. 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 report on Tuesday, March 18th. The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and raised their target price for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Morgan Stanley reduced their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company lifted their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.19.

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.