BorgWarner Inc. (NYSE:BWA) Shares Sold by Sienna Gestion

Sienna Gestion lessened its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 93.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,619 shares of the auto parts company's stock after selling 149,365 shares during the quarter. Sienna Gestion's holdings in BorgWarner were worth $306,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BWA. Principal Financial Group Inc. increased its holdings in shares of BorgWarner by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company's stock valued at $9,502,000 after purchasing an additional 7,559 shares in the last quarter. Atria Investments Inc increased its holdings in shares of BorgWarner by 12.4% in the 3rd quarter. Atria Investments Inc now owns 32,973 shares of the auto parts company's stock valued at $1,197,000 after purchasing an additional 3,638 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of BorgWarner in the 3rd quarter valued at about $412,000. Huntington National Bank increased its holdings in shares of BorgWarner by 48.2% in the 3rd quarter. Huntington National Bank now owns 2,785 shares of the auto parts company's stock valued at $101,000 after purchasing an additional 906 shares in the last quarter. Finally, ING Groep NV purchased a new position in BorgWarner during the 3rd quarter valued at about $1,105,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Barclays dropped their target price on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. TD Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Friday, March 7th. Finally, StockNews.com downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Friday. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.27.

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BorgWarner Trading Up 1.6 %

BWA traded up $0.47 during trading on Tuesday, hitting $28.82. 3,837,289 shares of the company's stock were exchanged, compared to its average volume of 2,468,560. The stock has a 50 day moving average price of $30.57 and a 200 day moving average price of $32.67. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6.30 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. BorgWarner's payout ratio is currently 30.77%.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

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.