Janney Montgomery Scott LLC Sells 8,370 Shares of BorgWarner Inc. (NYSE:BWA)

Janney Montgomery Scott LLC cut its position in shares of BorgWarner Inc. (NYSE:BWA) by 15.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,062 shares of the auto parts company’s stock after selling 8,370 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BorgWarner were worth $1,320,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Norinchukin Bank The increased its position in shares of BorgWarner by 4.4% during the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company’s stock valued at $302,000 after purchasing an additional 402 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of BorgWarner by 26.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 407 shares during the last quarter. Arizona State Retirement System increased its position in shares of BorgWarner by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company’s stock valued at $2,101,000 after purchasing an additional 498 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of BorgWarner by 0.4% during the 4th quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company’s stock valued at $3,580,000 after purchasing an additional 501 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in BorgWarner by 8.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 7,338 shares of the auto parts company’s stock valued at $233,000 after acquiring an additional 554 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BWA shares. Wells Fargo & Company increased their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, May 19th. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a report on Tuesday, March 18th. Cowen cut BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Barclays dropped their target price on BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, UBS Group increased their target price on BorgWarner from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.47.

Insider Activity

In related news, EVP Tonit M. Calaway sold 27,736 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, the executive vice president now owns 214,521 shares of the company’s stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president now directly owns 63,445 shares of the company’s stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

BorgWarner Trading Up 0.0%

BWA opened at $33.61 on Friday. The stock has a market cap of $7.39 billion, a PE ratio of 26.89, a PEG ratio of 1.48 and a beta of 1.10. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $31.77 and a 200-day moving average of $30.64. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.31%. BorgWarner’s payout ratio is presently 35.20%.

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.