Castleark Management LLC Sells 10,034 Shares of BorgWarner Inc. (NYSE:BWA)

Castleark Management LLC decreased its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,310 shares of the auto parts company's stock after selling 10,034 shares during the period. Castleark Management LLC's holdings in BorgWarner were worth $3,348,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. LRI Investments LLC lifted its holdings in shares of BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner during the fourth quarter worth $45,000. Avior Wealth Management LLC boosted its stake in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after buying an additional 342 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of BorgWarner during the 4th quarter worth $48,000. Finally, Quarry LP increased its stake in shares of BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock worth $58,000 after purchasing an additional 959 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

NYSE:BWA traded up $0.78 during trading hours on Tuesday, hitting $33.46. 745,020 shares of the stock were exchanged, compared to its average volume of 2,759,399. The firm's fifty day moving average price is $29.01 and its 200 day moving average price is $30.82. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.35 billion, a P/E ratio of 23.40, a P/E/G ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating 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 net margin of 2.40% and a return on equity of 15.93%. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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 given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. BorgWarner's payout ratio is 35.20%.

Wall Street Analysts Forecast Growth

BWA has been the topic of several research analyst reports. Barclays decreased their price target on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Robert W. Baird upped their price objective on shares of BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Friday, March 7th. Finally, Wells Fargo & Company lifted their target price on shares of BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $37.73.

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm's stock in a transaction that occurred 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 in the company, 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 65,036 shares of company stock valued at $2,017,364 in the last ninety days. Corporate insiders own 0.45% of the company's stock.

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.