Castleark Management LLC Has $3.35 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Castleark Management LLC trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,310 shares of the auto parts company's stock after selling 10,034 shares during the quarter. Castleark Management LLC's holdings in BorgWarner were worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC increased its position in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares during the period. Janney Montgomery Scott LLC increased its position in BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after acquiring an additional 381 shares during the period. Norinchukin Bank The increased its position in BorgWarner by 4.4% in the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock valued at $302,000 after acquiring an additional 402 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in BorgWarner by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock valued at $1,537,000 after acquiring an additional 450 shares during the period. Finally, Blackston Financial Advisory Group LLC increased its position in BorgWarner by 8.3% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 6,404 shares of the auto parts company's stock valued at $204,000 after acquiring an additional 490 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on BWA. TD Cowen cut BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Friday, March 7th. Cowen cut BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Morgan Stanley lowered their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Wall Street Zen raised BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Finally, UBS Group increased their price target on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.73.

BorgWarner Price Performance

Shares of BWA traded down $0.28 during trading hours on Friday, hitting $32.68. 2,254,294 shares of the company were exchanged, compared to its average volume of 2,767,321. The company has a market capitalization of $7.18 billion, a PE ratio of 22.85, a PEG ratio of 0.77 and a beta of 1.08. 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 fifty day simple moving average of $28.93 and a 200-day simple moving average of $30.86. BorgWarner Inc. has a one year low of $24.40 and a one year high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. BorgWarner's dividend payout ratio is presently 35.20%.

Insider Transactions at BorgWarner

In other news, EVP Tonit M. Calaway sold 27,736 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the sale, the executive vice president now directly owns 214,521 shares of the company's stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president now directly owns 63,445 shares of the company's stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,036 shares of company stock valued at $2,017,364 in the last three months. 0.63% of the stock is currently owned by corporate insiders.

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.