Chevy Chase Trust Holdings LLC Sells 826 Shares of BorgWarner Inc. (NYSE:BWA)

Chevy Chase Trust Holdings LLC lowered its stake in shares of BorgWarner Inc. (NYSE:BWA) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,305 shares of the auto parts company’s stock after selling 826 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in BorgWarner were worth $4,707,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BWA. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of BorgWarner by 3.7% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,487 shares of the auto parts company’s stock valued at $266,000 after acquiring an additional 302 shares during the period. First Horizon Advisors Inc. boosted its position in shares of BorgWarner by 7.5% in the first quarter. First Horizon Advisors Inc. now owns 4,440 shares of the auto parts company’s stock valued at $218,000 after acquiring an additional 308 shares during the period. Raymond James Trust N.A. raised its stake in BorgWarner by 3.8% in the second quarter. Raymond James Trust N.A. now owns 8,812 shares of the auto parts company’s stock valued at $431,000 after purchasing an additional 324 shares in the last quarter. UMB Bank n.a. raised its stake in BorgWarner by 7.1% in the third quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock valued at $200,000 after purchasing an additional 327 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in BorgWarner by 5.6% in the first quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company’s stock valued at $246,000 after purchasing an additional 335 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BWA. Barclays lowered their target price on shares of BorgWarner from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 15th. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company decreased their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.05.

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following 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 is accessible through this hyperlink. In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following 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 is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction on Monday, February 12th. The shares were 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 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 three months. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Up 1.4 %

Shares of NYSE BWA opened at $35.61 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The firm’s fifty day moving average is $32.56 and its 200 day moving average is $34.47. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.98 and a beta of 1.30.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 8th. The auto parts company reported $0.90 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 analysts’ expectations of $3.62 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that BorgWarner Inc. will post 3.91 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s payout ratio is 16.48%.

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.