BorgWarner Inc. (NYSE:BWA) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC cut its stake in BorgWarner Inc. (NYSE:BWA) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 351,254 shares of the auto parts company’s stock after selling 1,301 shares during the period. BorgWarner comprises about 1.1% of Shufro Rose & Co. LLC’s holdings, making the stock its 26th largest holding. Shufro Rose & Co. LLC owned about 0.15% of BorgWarner worth $12,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Investments LLC boosted its holdings in BorgWarner by 28.7% in the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after purchasing an additional 43,955 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in BorgWarner by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock worth $25,094,000 after buying an additional 59,925 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in BorgWarner during the 3rd quarter worth about $833,000. Illinois Municipal Retirement Fund lifted its holdings in BorgWarner by 84.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock worth $9,341,000 after buying an additional 119,170 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in BorgWarner by 24.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock worth $7,305,000 after buying an additional 35,986 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock worth $9,015,478 in the last ninety days. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Robert W. Baird downgraded BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $39.00 in a report on Wednesday, January 3rd. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Barclays lifted their target price on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company cut their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner Trading Up 1.1 %

Shares of BorgWarner stock traded up $0.37 during trading hours on Friday, reaching $33.19. 1,825,538 shares of the company’s stock were exchanged, compared to its average volume of 2,204,117. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $50.04. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.31. The company has a fifty day moving average of $32.71 and a 200-day moving average of $33.86. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. Sell-side analysts forecast that BorgWarner Inc. will post 3.9 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s payout ratio is 16.48%.

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.