Captrust Financial Advisors Has $2.11 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Captrust Financial Advisors decreased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,269 shares of the auto parts company's stock after selling 25,937 shares during the quarter. Captrust Financial Advisors' holdings in BorgWarner were worth $2,107,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE grew its position in BorgWarner by 91.9% in the fourth quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company's stock worth $123,311,000 after acquiring an additional 1,857,907 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of BorgWarner by 44.3% in the 4th quarter. BNP Paribas Financial Markets now owns 436,609 shares of the auto parts company's stock valued at $13,880,000 after purchasing an additional 133,939 shares during the last quarter. Albar Capital Partners LLP bought a new stake in BorgWarner in the fourth quarter worth $2,925,000. Mercer Global Advisors Inc. ADV acquired a new position in BorgWarner during the fourth quarter worth $1,377,000. Finally, Freestone Grove Partners LP bought a new position in BorgWarner during the fourth quarter valued at about $359,000. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Trading Up 0.8%

Shares of BWA stock traded up $0.27 during trading hours on Friday, reaching $33.34. The company had a trading volume of 2,085,912 shares, compared to its average volume of 2,759,260. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.75. The company has a 50 day moving average of $28.40 and a 200 day moving average of $30.92. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The firm's revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.32%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the sale, the executive vice president now directly owns 214,521 shares in the company, valued at approximately $7,042,724.43. This represents a 11.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,036 shares of company stock valued at $1,851,114. Company insiders own 0.45% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BWA. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Evercore ISI decreased their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. UBS Group raised their price target on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley cut their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Seven 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.com, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.47.

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.