Nisa Investment Advisors LLC Trims Position in BorgWarner Inc. (NYSE:BWA)

Nisa Investment Advisors LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,331 shares of the auto parts company’s stock after selling 976 shares during the period. Nisa Investment Advisors LLC’s holdings in BorgWarner were worth $2,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH boosted its holdings in BorgWarner by 14.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 8,686 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 1,075 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in BorgWarner by 16.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 129,503 shares of the auto parts company’s stock worth $4,116,000 after acquiring an additional 18,249 shares during the period. HB Wealth Management LLC raised its position in BorgWarner by 17.0% during the fourth quarter. HB Wealth Management LLC now owns 11,698 shares of the auto parts company’s stock valued at $372,000 after acquiring an additional 1,702 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in BorgWarner by 10.2% in the fourth quarter. Arkadios Wealth Advisors now owns 12,821 shares of the auto parts company’s stock valued at $408,000 after acquiring an additional 1,182 shares during the period. Finally, Merit Financial Group LLC boosted its position in BorgWarner by 33.2% in the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after purchasing an additional 4,537 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the sale, the executive vice president now directly owns 32,366 shares in the company, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock valued at $7,678,076 over the last quarter. 0.45% of the stock is owned by insiders.

BorgWarner Stock Up 1.2 %

Shares of BWA opened at $32.61 on Monday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-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. The stock has a fifty day simple moving average of $32.91 and a two-hundred day simple moving average of $33.40. The company has a market capitalization of $7.13 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. BorgWarner’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts forecast that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio is presently 11.17%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BWA shares. Barclays cut their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group reduced their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Guggenheim reiterated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $40.47.

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.