Raymond James Trust N.A. Increases Stock Position in BorgWarner Inc. (NYSE:BWA)

Raymond James Trust N.A. lifted its stake in shares of BorgWarner Inc. (NYSE:BWAFree Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,137 shares of the auto parts company’s stock after buying an additional 401 shares during the quarter. Raymond James Trust N.A.’s holdings in BorgWarner were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in BorgWarner by 25.2% during the 1st quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock valued at $14,458,000 after acquiring an additional 74,902 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in BorgWarner by 86.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock valued at $859,000 after acquiring an additional 10,257 shares in the last quarter. MetLife Investment Management LLC lifted its position in BorgWarner by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock valued at $2,537,000 after acquiring an additional 12,257 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in BorgWarner by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock valued at $1,248,000 after acquiring an additional 1,987 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in BorgWarner by 1.8% in the 1st quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock valued at $1,802,000 after acquiring an additional 840 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, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock valued at $9,015,478 over the last quarter. 0.45% of the stock is owned by corporate insiders.

BorgWarner Trading Down 0.1 %

BWA opened at $33.17 on Tuesday. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 0.94 and a beta of 1.29. The stock’s 50 day moving average price is $32.27 and its 200-day moving average price is $34.93. BorgWarner Inc. has a one year low of $29.51 and a one year high of $50.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that BorgWarner Inc. will post 3.91 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is currently 16.48%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays lowered their price objective on BorgWarner from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 15th. Wells Fargo & Company decreased their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group cut their price target on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.05.

Get Our Latest Stock Analysis on BWA

BorgWarner Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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