TCW Group Inc. Sells 68,321 Shares of BorgWarner Inc. (NYSE:BWA)

TCW Group Inc. lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,342 shares of the auto parts company’s stock after selling 68,321 shares during the period. TCW Group Inc. owned approximately 0.07% of BorgWarner worth $5,569,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of BorgWarner during the third quarter worth $28,000. EdgeRock Capital LLC purchased a new stake in BorgWarner during the 4th quarter worth about $30,000. Sound Income Strategies LLC bought a new position in BorgWarner in the 4th quarter worth about $32,000. Bruce G. Allen Investments LLC purchased a new position in BorgWarner during the 4th quarter valued at about $33,000. Finally, Trust Co. of Vermont lifted its holdings in shares of BorgWarner by 49,000.0% in the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after buying an additional 980 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Volker Weng sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the sale, the vice president now directly owns 111,964 shares of the company’s stock, valued at $3,678,017.40. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock valued at $849,870 over the last ninety days. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Monday, May 6th. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. Wells Fargo & Company upped their price objective on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. TD Cowen lifted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Oppenheimer increased their price target on shares of BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $43.76.

BorgWarner Trading Up 1.7 %

BWA traded up $0.61 on Friday, hitting $35.69. 1,751,606 shares of the company were exchanged, compared to its average volume of 2,696,503. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54. The firm has a fifty day simple moving average of $34.70 and a two-hundred day simple moving average of $33.77. The stock has a market capitalization of $8.13 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.84 and a beta of 1.30. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.16. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. Sell-side analysts expect that BorgWarner Inc. will post 4.07 earnings per share for the current year.

BorgWarner declared that its board has authorized a share repurchase program on Thursday, May 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to buy up to 6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.23%. BorgWarner’s dividend payout ratio is currently 16.67%.

About BorgWarner

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.