BorgWarner Inc. (NYSE:BWA) Holdings Lowered by Inspire Investing LLC

Inspire Investing LLC cut its stake in BorgWarner Inc. (NYSE:BWA) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,844 shares of the auto parts company’s stock after selling 322 shares during the period. Inspire Investing LLC’s holdings in BorgWarner were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BWA. Matrix Trust Co bought a new position in BorgWarner during the 3rd quarter valued at $25,000. Riverview Trust Co acquired a new position in BorgWarner during the first quarter worth about $30,000. LRI Investments LLC raised its position in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 913 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in BorgWarner in the 2nd quarter valued at about $32,000. Finally, Olistico Wealth LLC bought a new position in shares of BorgWarner during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wolfe Research started coverage on shares of BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Citigroup reduced their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Wells Fargo & Company dropped their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, Bank of America reduced their price objective on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.31.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $35.20 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. BorgWarner Inc. has a one year low of $29.51 and a one year high of $39.10. The business’s 50-day moving average price is $33.79 and its two-hundred day moving average price is $33.90. The company has a market capitalization of $8.02 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. BorgWarner’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.35 EPS. Analysts anticipate that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is 16.67%.

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.