Coldstream Capital Management Inc. Lowers Stock Position in BorgWarner Inc. (NYSE:BWA)

Coldstream Capital Management Inc. lessened its holdings in BorgWarner Inc. (NYSE:BWAFree Report) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,667 shares of the auto parts company’s stock after selling 1,343 shares during the quarter. Coldstream Capital Management Inc.’s holdings in BorgWarner were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in BorgWarner in the 3rd quarter valued at approximately $28,000. EdgeRock Capital LLC purchased a new stake in BorgWarner in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC purchased a new stake in BorgWarner in the 4th quarter valued at approximately $32,000. Bruce G. Allen Investments LLC purchased a new stake in BorgWarner in the 4th quarter valued at approximately $33,000. Finally, Trust Co. of Vermont boosted its holdings in BorgWarner by 49,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

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 transaction 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 legal filing with the SEC, which is available at this link. In other news, VP Volker Weng sold 20,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the sale, the vice president now directly owns 111,964 shares in the company, valued at approximately $3,678,017.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $93,870.00. Following the sale, the vice president now owns 252,013 shares of the company’s stock, valued at $7,885,486.77. The disclosure for this sale can be found here. In the last three months, insiders sold 26,000 shares of company stock worth $849,870. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup boosted their price target on BorgWarner from $33.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Robert W. Baird boosted their price target on BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. BNP Paribas lowered 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. Piper Sandler assumed coverage on BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 price target on the stock. Finally, Oppenheimer boosted their price target on BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.76.

Get Our Latest Stock Report on BorgWarner

BorgWarner Trading Up 1.7 %

Shares of BWA opened at $35.69 on Tuesday. The stock has a fifty day moving average of $34.77 and a two-hundred day moving average of $33.81. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54. The company has a market capitalization of $8.13 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.86 and a beta of 1.30. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04.

BorgWarner (NYSE:BWAGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. BorgWarner’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. As a group, analysts forecast that BorgWarner Inc. will post 4.07 EPS for the current year.

BorgWarner announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a yield of 1.23%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

About BorgWarner

(Free Report)

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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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