Signaturefd LLC Decreases Holdings in BorgWarner Inc. (NYSE:BWA)

Signaturefd LLC decreased its holdings in BorgWarner Inc. (NYSE:BWA) by 10.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,260 shares of the auto parts company’s stock after selling 369 shares during the period. Signaturefd LLC’s holdings in BorgWarner were worth $117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Boston Partners grew its stake in shares of BorgWarner by 58.9% during the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after buying an additional 1,951,783 shares during the last quarter. Invesco Ltd. boosted its holdings in BorgWarner by 30.4% during the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after acquiring an additional 1,024,361 shares during the period. Ninety One UK Ltd increased its stake in BorgWarner by 85.1% in the 4th quarter. Ninety One UK Ltd now owns 1,656,221 shares of the auto parts company’s stock worth $59,376,000 after purchasing an additional 761,250 shares during the period. American Century Companies Inc. increased its stake in BorgWarner by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock worth $169,132,000 after purchasing an additional 648,633 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of BorgWarner by 625.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 644,914 shares of the auto parts company’s stock valued at $26,171,000 after purchasing an additional 556,048 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of BWA opened at $33.73 on Tuesday. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The firm’s 50-day simple moving average is $32.71 and its two-hundred day simple moving average is $33.86. The stock has a market cap of $7.75 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65.

BorgWarner (NYSE:BWA) last issued 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). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that BorgWarner Inc. will post 3.9 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s dividend payout ratio is presently 16.48%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BWA. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. BNP Paribas downgraded BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Barclays increased their price objective on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following 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 accessible through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 in the last quarter. Corporate insiders own 0.63% of the company’s stock.

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.