CHICAGO TRUST Co NA Reduces Position in BorgWarner Inc. (NYSE:BWA)

CHICAGO TRUST Co NA cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,665 shares of the auto parts company’s stock after selling 5,938 shares during the period. CHICAGO TRUST Co NA’s holdings in BorgWarner were worth $1,293,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BWA. Matrix Trust Co purchased a new stake in shares of BorgWarner in the third quarter valued at about $25,000. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner in the second quarter valued at about $32,000. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC purchased a new position in BorgWarner during the third quarter worth about $38,000. Finally, Trust Co. of Vermont lifted its position in BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 645 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 over the last quarter. 0.45% of the stock is owned by corporate insiders.

BorgWarner Trading Up 0.6 %

BWA stock traded up $0.19 during trading on Monday, reaching $31.23. 534,382 shares of the stock traded hands, compared to its average volume of 1,906,362. The firm has a market capitalization of $6.83 billion, a PE ratio of 7.93, a P/E/G ratio of 0.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The business’s 50 day moving average price is $33.37 and its 200-day moving average price is $33.37. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.41%. BorgWarner’s dividend payout ratio is currently 11.17%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BWA shares. The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $41.07.

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.