Fifth Third Bancorp Lowers Stake in BorgWarner Inc. (NYSE:BWA)

Fifth Third Bancorp cut its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,974 shares of the auto parts company's stock after selling 18,951 shares during the quarter. Fifth Third Bancorp's holdings in BorgWarner were worth $1,811,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Matrix Trust Co bought a new position in shares of BorgWarner during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new stake in shares of BorgWarner during the 3rd quarter valued at $32,000. True Wealth Design LLC acquired a new stake in shares of BorgWarner in the 3rd quarter worth $38,000. Avior Wealth Management LLC grew its stake in 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 buying an additional 342 shares during the last quarter. Finally, Trust Co. of Vermont increased its position in BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock valued at $50,000 after buying an additional 645 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Transactions at BorgWarner

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 directly owns 206,969 shares of the company's stock, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 over the last 90 days. Corporate insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

BWA has been the subject of several recent analyst reports. 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. Wells Fargo & Company cut their price target on shares of BorgWarner from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Evercore ISI upgraded shares of BorgWarner from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Barclays cut their target price on BorgWarner from $47.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. Finally, Guggenheim reaffirmed a "buy" rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.40.

BorgWarner Price Performance

Shares of BorgWarner stock traded down $0.96 on Friday, hitting $31.90. The company's stock had a trading volume of 1,871,315 shares, compared to its average volume of 2,094,884. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The firm has a fifty day moving average price of $32.79 and a 200-day moving average price of $33.37. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.20.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.38%. BorgWarner's dividend payout ratio (DPR) is 11.17%.

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.