JPMorgan Chase & Co. Cuts Holdings in BorgWarner Inc. (NYSE:BWA)

JPMorgan Chase & Co. lessened its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 709,740 shares of the auto parts company's stock after selling 134,606 shares during the quarter. JPMorgan Chase & Co. owned 0.32% of BorgWarner worth $22,563,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in BorgWarner by 31.3% in 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the third quarter worth approximately $62,000. Generali Asset Management SPA SGR bought a new stake in shares of BorgWarner during the 4th quarter worth approximately $59,000. Principal Securities Inc. boosted its holdings in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after acquiring an additional 720 shares during the period. Finally, TD Private Client Wealth LLC grew its position in BorgWarner by 126.2% in the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company's stock valued at $76,000 after acquiring an additional 1,326 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This 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 through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares of the company's stock, valued at $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $1,347,701 in the last 90 days. Insiders own 0.45% of the company's stock.

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Analyst Ratings Changes

BWA has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of 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 downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Friday, March 7th. Wells Fargo & Company lifted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, Evercore ISI lowered their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and an average target price of $37.50.

BorgWarner Stock Down 1.6 %

BWA stock traded down $0.42 on Tuesday, hitting $26.02. 209,843 shares of the company's stock were exchanged, compared to its average volume of 3,482,632. The firm has a 50 day moving average price of $28.66 and a two-hundred day moving average price of $31.79. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $38.22. The stock has a market cap of $5.72 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. 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 (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

BorgWarner 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.