SG Americas Securities LLC Sells 15,926 Shares of BorgWarner Inc. (NYSE:BWA)

SG Americas Securities LLC decreased its position in BorgWarner Inc. (NYSE:BWA) by 72.1% during the fourth quarter, HoldingsChannel reports. The firm owned 6,159 shares of the auto parts company’s stock after selling 15,926 shares during the quarter. SG Americas Securities LLC’s holdings in BorgWarner were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in BorgWarner by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock valued at $1,016,505,000 after purchasing an additional 570,039 shares during the last quarter. State Street Corp boosted its stake in shares of BorgWarner by 3.5% in the 2nd quarter. State Street Corp now owns 10,449,304 shares of the auto parts company’s stock valued at $511,075,000 after purchasing an additional 357,259 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of BorgWarner by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 8,719,779 shares of the auto parts company’s stock valued at $352,017,000 after purchasing an additional 106,453 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of BorgWarner by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock valued at $220,561,000 after purchasing an additional 166,007 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of BorgWarner by 10.0% in the 1st quarter. Macquarie Group Ltd. now owns 5,322,946 shares of the auto parts company’s stock valued at $261,410,000 after purchasing an additional 484,794 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 0.9 %

BWA stock opened at $34.50 on Friday. The company has a market cap of $7.93 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31. The business has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $34.47. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. 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 (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. Sell-side analysts anticipate that BorgWarner Inc. will post 3.91 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s dividend payout ratio is 16.48%.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the sale, the vice president now directly owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Volker Weng sold 20,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the transaction, the vice president now owns 111,964 shares in the company, valued at approximately $3,678,017.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock worth $9,015,478 in the last three months. 0.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BWA has been the topic of a number of analyst reports. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Barclays raised their price target on shares of BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday. BNP Paribas cut 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. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, Robert W. Baird cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

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.