BorgWarner Inc. (NYSE:BWA) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 17.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,998 shares of the auto parts company’s stock after selling 11,227 shares during the quarter. Koss Olinger Consulting LLC’s holdings in BorgWarner were worth $1,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in BorgWarner during the third quarter valued at $32,000. True Wealth Design LLC acquired a new stake in BorgWarner during the third quarter valued at $38,000. Avior Wealth Management LLC grew its position in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in BorgWarner during the third quarter valued at $62,000. Finally, Generali Asset Management SPA SGR purchased a new position in BorgWarner during the fourth quarter valued at $59,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 over the last three months. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the topic of several recent analyst reports. Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Barclays decreased their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley decreased their price objective on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Evercore ISI decreased their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.27.

BorgWarner Price Performance

BorgWarner stock opened at $28.82 on Wednesday. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month high of $38.23. The stock has a market cap of $6.30 billion, a P/E ratio of 20.15, a PEG ratio of 0.77 and a beta of 1.21. The company has a 50-day moving average price of $30.50 and a 200 day moving average price of $32.63. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

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

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.