BorgWarner Inc. (NYSE:BWA) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in BorgWarner Inc. (NYSE:BWA) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 192,089 shares of the auto parts company’s stock after selling 119,913 shares during the quarter. Leeward Investments LLC MA owned approximately 0.08% of BorgWarner worth $6,886,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BWA. Parkside Investments LLC raised its stake in BorgWarner by 28.7% during the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after buying an additional 43,955 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in BorgWarner during the third quarter valued at approximately $833,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in BorgWarner by 9.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock valued at $25,094,000 after buying an additional 59,925 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in BorgWarner by 84.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock valued at $9,341,000 after buying an additional 119,170 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in BorgWarner by 24.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after buying an additional 35,986 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the subject of several recent research reports. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Barclays upped their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. The Goldman Sachs Group lowered their target price on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Finally, Wells Fargo & Company lowered their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

Insider Activity

In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the sale, the vice president now owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,503 shares of company stock worth $9,015,478. Insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

BWA traded up $0.37 during trading on Friday, reaching $33.19. The stock had a trading volume of 1,825,534 shares, compared to its average volume of 2,833,684. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $50.04. The stock has a 50 day moving average of $32.65 and a two-hundred day moving average of $33.99.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. As a group, equities analysts anticipate that BorgWarner Inc. will post 3.89 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

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.