GTS Securities LLC Sells 50,320 Shares of BorgWarner Inc. (NYSE:BWA)

GTS Securities LLC trimmed its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 88.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,539 shares of the auto parts company's stock after selling 50,320 shares during the quarter. GTS Securities LLC's holdings in BorgWarner were worth $208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new position in shares of BorgWarner in the 4th quarter valued at about $207,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in BorgWarner by 13.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 826,360 shares of the auto parts company's stock valued at $26,270,000 after acquiring an additional 95,464 shares during the last quarter. Woodline Partners LP bought a new position in BorgWarner in the fourth quarter valued at approximately $418,000. Vivaldi Capital Management LP acquired a new stake in BorgWarner during the 4th quarter worth $14,052,000. Finally, Twinbeech Capital LP bought a new stake in shares of BorgWarner during the 4th quarter valued at $436,000. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays reduced their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price on the stock in a report on Tuesday, March 18th. UBS Group boosted their target price on BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Robert W. Baird upped their price target on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Guggenheim reduced their price objective on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.73.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the firm's 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 sale, the executive vice president now owns 214,521 shares in the company, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the vice president now directly owns 63,445 shares in the company, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,036 shares of company stock worth $2,017,364 over the last 90 days. Insiders own 0.45% of the company's stock.

BorgWarner Stock Up 1.0%

BWA traded up $0.31 during trading on Tuesday, hitting $32.73. The company had a trading volume of 793,046 shares, compared to its average volume of 2,679,666. The company has a market capitalization of $7.19 billion, a PE ratio of 22.89, a PEG ratio of 0.77 and a beta of 1.08. The firm's 50-day moving average price is $29.39 and its 200 day moving average price is $30.77. BorgWarner Inc. has a one year low of $24.40 and a one year high of $37.29. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results 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. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.34%. BorgWarner's dividend payout ratio is presently 35.20%.

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.