BorgWarner Inc. (NYSE:BWA) Shares Sold by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC lowered its stake in BorgWarner Inc. (NYSE:BWA) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,576 shares of the auto parts company’s stock after selling 8,856 shares during the quarter. Boomfish Wealth Group LLC’s holdings in BorgWarner were worth $749,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of BorgWarner by 21,752.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after buying an additional 4,625,685 shares during the last quarter. Swedbank AB raised its stake in BorgWarner by 91.7% during the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock valued at $51,454,000 after buying an additional 774,438 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after buying an additional 445,540 shares during the last quarter. Bridgewater Associates LP increased its holdings in shares of BorgWarner by 4,509.5% in the 3rd quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock valued at $13,752,000 after acquiring an additional 370,726 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $11,113,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Up 1.2 %

Shares of BWA stock opened at $32.86 on Friday. The stock has a 50-day simple moving average of $32.83 and a 200 day simple moving average of $33.38. The stock has a market capitalization of $7.19 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.67 and a beta of 1.20. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, sell-side analysts expect that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.34%. The ex-dividend date was Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Wells Fargo & Company decreased their target price on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Guggenheim reiterated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $40.40.

Insider Activity at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,010 shares of company stock valued at $7,678,076. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Company 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.