Wealth Enhancement Advisory Services LLC Sells 9,976 Shares of BorgWarner Inc. (NYSE:BWA)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,001 shares of the auto parts company’s stock after selling 9,976 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BorgWarner were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were 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 directly owned 214,521 shares of the company’s stock, valued at approximately $7,042,724.43. This trade represents a 11.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the transaction, the vice president directly owned 63,445 shares of the company’s stock, valued at $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $33.47 on Tuesday. The firm has a market capitalization of $7.35 billion, a P/E ratio of 26.78, 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 company has a 50 day moving average price of $31.91 and a 200 day moving average price of $30.61. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29.

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

BorgWarner Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on BWA. Guggenheim lowered their price target on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a report on Tuesday, March 18th. Robert W. Baird raised their price target on shares of BorgWarner from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Finally, Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.47.

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.