BorgWarner Inc. (NYSE:BWA) Position Decreased by Global Trust Asset Management LLC

Global Trust Asset Management LLC reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 26.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,256 shares of the auto parts company’s stock after selling 800 shares during the quarter. Global Trust Asset Management LLC’s holdings in BorgWarner were worth $72,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Matrix Trust Co acquired a new stake in shares of BorgWarner during the third quarter worth $25,000. Brooklyn Investment Group acquired a new stake in BorgWarner during the 3rd quarter worth about $32,000. True Wealth Design LLC purchased a new stake in BorgWarner during the third quarter valued at about $38,000. Trust Co. of Vermont boosted its holdings in shares of BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after buying an additional 645 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner in the third quarter worth approximately $62,000. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

BorgWarner stock opened at $31.81 on Thursday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The firm has a market cap of $6.96 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The business’s fifty day moving average is $32.99 and its two-hundred day moving average is $33.38.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Equities research analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.38%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio is 11.17%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 21,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 222,010 shares of company stock worth $7,678,076. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Guggenheim restated a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Barclays dropped their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.47.

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.