SG Americas Securities LLC Has $167,000 Position in BorgWarner Inc. (NYSE:BWA)

SG Americas Securities LLC cut its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 82.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,239 shares of the auto parts company's stock after selling 25,191 shares during the quarter. SG Americas Securities LLC's holdings in BorgWarner were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWA. Geode Capital Management LLC lifted its stake in shares of 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 valued at $231,376,000 after purchasing an additional 217,050 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of 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 valued at $168,638,000 after acquiring an additional 4,625,685 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in BorgWarner by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company's stock valued at $81,553,000 after purchasing an additional 60,935 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of BorgWarner by 236.5% during the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock worth $30,633,000 after buying an additional 593,265 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was 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 in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the business's 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 sale, the vice president now owns 206,969 shares of the company's stock, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BWA has been the topic of several research analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, BorgWarner currently has an average rating of "Moderate Buy" and an average target price of $40.20.

BorgWarner Trading Up 1.7 %

Shares of BWA stock traded up $0.50 on Thursday, reaching $29.39. 2,146,125 shares of the stock were exchanged, compared to its average volume of 2,598,018. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The stock has a market cap of $6.43 billion, a PE ratio of 20.55, a P/E/G ratio of 0.63 and a beta of 1.18. The stock has a 50 day moving average price of $32.02 and a 200 day moving average price of $33.19.

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 return on equity of 15.93% and a net margin of 2.40%. Equities research analysts forecast that BorgWarner Inc. will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. BorgWarner's payout ratio is 30.77%.

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.