Principal Financial Group Inc. Sells 14,359 Shares of BorgWarner Inc. (NYSE:BWA)

Principal Financial Group Inc. reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 247,481 shares of the auto parts company’s stock after selling 14,359 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of BorgWarner worth $7,867,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BWA. Brooklyn Investment Group acquired a new stake in BorgWarner in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner in the third quarter valued at approximately $38,000. Avior Wealth Management LLC grew its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in BorgWarner during the third quarter worth $62,000. Finally, Principal Securities Inc. increased its position in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 720 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BWA. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.57.

BorgWarner Stock Up 0.6 %

Shares of NYSE BWA opened at $29.80 on Friday. BorgWarner Inc. has a 52-week low of $28.65 and a 52-week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The business has a fifty day moving average of $31.23 and a two-hundred day moving average of $33.00. The stock has a market cap of $6.52 billion, a PE ratio of 20.84, a PEG ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

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.