Nisa Investment Advisors LLC Sells 655 Shares of BorgWarner Inc. (NYSE:BWA)

Nisa Investment Advisors LLC lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,800 shares of the auto parts company’s stock after selling 655 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BorgWarner were worth $2,968,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BWA. JPMorgan Chase & Co. lifted its position in shares of BorgWarner by 25.2% in the first quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock worth $14,458,000 after purchasing an additional 74,902 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in BorgWarner by 86.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock worth $859,000 after buying an additional 10,257 shares during the last quarter. MetLife Investment Management LLC increased its holdings in BorgWarner by 23.1% during the first quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock worth $2,537,000 after buying an additional 12,257 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in BorgWarner by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock worth $1,248,000 after buying an additional 1,987 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in BorgWarner by 1.8% during the first quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock worth $1,802,000 after buying an additional 840 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. Wells Fargo & Company lowered their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Barclays boosted their target price on shares of BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.30.

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were 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 of the company’s stock, valued at $14,148,455.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock valued at $9,015,478 over the last quarter. 0.45% of the stock is owned by company insiders.

BorgWarner Trading Down 2.9 %

BWA stock opened at $33.50 on Friday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The company’s 50-day simple moving average is $32.56 and its 200 day simple moving average is $34.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. The company has a market capitalization of $7.70 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share 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 for the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.31%. BorgWarner’s dividend payout ratio is 16.48%.

BorgWarner 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.