Valeo Financial Advisors LLC Lowers Stock Position in BorgWarner Inc. (NYSE:BWA)

Valeo Financial Advisors LLC cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 16.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,878 shares of the auto parts company’s stock after selling 1,961 shares during the quarter. Valeo Financial Advisors LLC’s holdings in BorgWarner were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of BorgWarner by 3.7% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,487 shares of the auto parts company’s stock worth $266,000 after acquiring an additional 302 shares during the last quarter. First Horizon Advisors Inc. grew its position in BorgWarner by 7.5% in the 1st quarter. First Horizon Advisors Inc. now owns 4,440 shares of the auto parts company’s stock valued at $218,000 after buying an additional 308 shares during the last quarter. Raymond James Trust N.A. grew its position in BorgWarner by 3.8% in the 2nd quarter. Raymond James Trust N.A. now owns 8,812 shares of the auto parts company’s stock valued at $431,000 after buying an additional 324 shares during the last quarter. UMB Bank n.a. grew its position in BorgWarner by 7.1% in the 3rd quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock valued at $200,000 after buying an additional 327 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in BorgWarner by 5.6% in the 1st quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company’s stock valued at $246,000 after buying an additional 335 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the completion of the sale, the vice president now owns 111,964 shares in the company, valued at approximately $3,678,017.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Volker Weng sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the transaction, the vice president now directly owns 111,964 shares in the company, valued at $3,678,017.40. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock worth $9,015,478 in the last 90 days. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

BWA has been the topic of a number of analyst reports. Robert W. Baird lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $39.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. reduced their target price on BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Wells Fargo & Company reduced their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, February 9th. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Finally, Barclays raised their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.30.

BorgWarner Trading Down 2.9 %

Shares of BWA stock opened at $33.50 on Monday. The firm has a 50-day moving average price of $32.56 and a 200 day moving average price of $34.34. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.00 and a beta of 1.31. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last announced its earnings results 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 net margin of 3.94% and a return on equity of 14.69%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts forecast that BorgWarner Inc. will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, February 29th. BorgWarner’s dividend payout ratio (DPR) 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.