Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in BorgWarner Inc. (NYSE:BWA)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 56.6% during the fourth quarter, Holdings Channel reports. The firm owned 43,682 shares of the auto parts company’s stock after selling 56,912 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BorgWarner were worth $1,566,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Parkside Investments LLC increased its holdings in BorgWarner by 28.7% during the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after purchasing an additional 43,955 shares during the period. Kennedy Capital Management LLC bought a new stake in BorgWarner during the 3rd quarter valued at approximately $833,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in BorgWarner by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock valued at $25,094,000 after acquiring an additional 59,925 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in BorgWarner by 24.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after acquiring an additional 35,986 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in BorgWarner during the 3rd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE BWA opened at $32.83 on Friday. The firm has a market cap of $7.54 billion, a P/E ratio of 12.29, a PEG ratio of 1.00 and a beta of 1.31. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $32.63 and a 200 day moving average of $33.99. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04.

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 analysts’ consensus estimates of $0.93 by ($0.03). The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. BorgWarner’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, research analysts expect that BorgWarner Inc. will post 3.89 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.34%. BorgWarner’s dividend payout ratio is presently 16.48%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TheStreet cut BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. Barclays boosted their price target on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Robert W. Baird cut BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price target on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the business’s 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 directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, 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 value of $93,870.00. Following the completion of the sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. Insiders own 0.45% of the company’s stock.

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.