Exchange Traded Concepts LLC Lowers Holdings in BorgWarner Inc. (NYSE:BWA)

Exchange Traded Concepts LLC reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,711 shares of the auto parts company’s stock after selling 6,083 shares during the quarter. Exchange Traded Concepts LLC’s holdings in BorgWarner were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of BorgWarner by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock valued at $231,376,000 after acquiring an additional 217,050 shares during the last quarter. Pacer Advisors Inc. raised its stake in BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after purchasing an additional 445,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of BorgWarner by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company’s stock worth $81,553,000 after buying an additional 60,935 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after buying an additional 593,265 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares in the company, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the company’s 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 transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % 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. 0.45% of the stock is currently owned by insiders.

BorgWarner Stock Down 1.0 %

BorgWarner stock opened at $32.58 on Wednesday. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22. The business has a fifty day moving average of $32.87 and a two-hundred day moving average of $33.39. The firm has a market cap of $7.13 billion, a P/E ratio of 8.27, a P/E/G ratio of 0.63 and a beta of 1.20. 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 issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. On average, analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.35%. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Analysts Set New Price Targets

A number of brokerages recently commented on BWA. The Goldman Sachs Group lowered their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. cut 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. Barclays lowered their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their target price on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.40.

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.