180 Wealth Advisors LLC Trims Holdings in BorgWarner Inc. (NYSE:BWA)

180 Wealth Advisors LLC decreased its holdings in BorgWarner Inc. (NYSE:BWA) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,493 shares of the auto parts company’s stock after selling 1,666 shares during the quarter. 180 Wealth Advisors LLC’s holdings in BorgWarner were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares during the period. Mirabella Financial Services LLP purchased a new position in shares of BorgWarner during the third quarter valued at $908,000. Swedbank AB increased its stake in shares of BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares during the period. HITE Hedge Asset Management LLC increased its stake in shares of BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after buying an additional 64,126 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of BorgWarner during the second quarter valued at $1,016,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on BWA shares. JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company dropped their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $41.07.

Insider Activity at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now directly owns 32,366 shares in the company, valued at $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 222,010 shares of company stock worth $7,678,076. 0.63% of the stock is owned by corporate insiders.

BorgWarner Trading Up 1.3 %

Shares of NYSE:BWA opened at $32.28 on Thursday. The business has a 50-day moving average price of $33.29 and a 200-day moving average price of $33.37. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.77 and a beta of 1.20. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. Equities analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

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.