Yousif Capital Management LLC Trims Holdings in BorgWarner Inc. (NYSE:BWA)

Yousif Capital Management LLC reduced its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,546 shares of the auto parts company’s stock after selling 849 shares during the quarter. Yousif Capital Management LLC’s holdings in BorgWarner were worth $1,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after acquiring an additional 394 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $908,000. Merit Financial Group LLC raised its position in shares of BorgWarner by 33.2% during the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock valued at $579,000 after acquiring an additional 4,537 shares in the last quarter. Swedbank AB raised its position in shares of BorgWarner by 236.5% during the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after acquiring an additional 593,265 shares in the last quarter. Finally, HITE Hedge Asset Management LLC raised its position in shares of BorgWarner by 28.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after acquiring an additional 64,126 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on BWA. Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays dropped their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group dropped their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.20.

BorgWarner Price Performance

NYSE:BWA opened at $30.24 on Friday. The business’s 50-day moving average price is $31.95 and its 200 day moving average price is $33.17. The firm has a market cap of $6.61 billion, a P/E ratio of 21.15, a PEG ratio of 0.63 and a beta of 1.18. BorgWarner Inc. has a 52-week low of $28.65 and a 52-week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.46%. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

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.