Keene & Associates Inc. Sells 30,214 Shares of BorgWarner Inc. (NYSE:BWA)

Keene & Associates Inc. decreased its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,609 shares of the auto parts company's stock after selling 30,214 shares during the period. BorgWarner comprises 1.7% of Keene & Associates Inc.'s portfolio, making the stock its 28th largest holding. Keene & Associates Inc.'s holdings in BorgWarner were worth $2,149,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in BorgWarner in the 3rd quarter worth approximately $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the third quarter worth $38,000. Avior Wealth Management LLC raised its holdings 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 acquiring an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner during the third quarter valued at $62,000. Finally, Principal Securities Inc. increased its position 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 purchasing an additional 720 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction on Wednesday, November 27th. The shares were 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 in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

Shares of BWA stock traded down $0.76 during trading hours on Friday, hitting $29.49. The company had a trading volume of 1,761,349 shares, compared to its average volume of 2,634,329. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The firm's fifty day moving average is $31.48 and its 200 day moving average is $33.05. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. On average, sell-side analysts predict 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner's payout ratio is currently 30.77%.

Analyst Ratings Changes

BWA has been the subject of several research reports. Barclays reduced their price target on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upped their target price on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Guggenheim reaffirmed a "buy" rating and set a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. StockNews.com downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.57.

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.