Toronto Dominion Bank Has $1.91 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Toronto Dominion Bank reduced its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,953 shares of the auto parts company's stock after selling 36,415 shares during the quarter. Toronto Dominion Bank's holdings in BorgWarner were worth $1,906,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LRI Investments LLC increased 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 buying an additional 909 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in BorgWarner during the fourth quarter worth approximately $45,000. Kapitalo Investimentos Ltda purchased a new stake in BorgWarner during the fourth quarter valued at approximately $48,000. Quarry LP lifted its stake in shares of BorgWarner by 110.6% in the 4th quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after purchasing an additional 959 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of BorgWarner in the 4th quarter worth approximately $59,000. Institutional investors own 95.67% of the company's stock.

BorgWarner Stock Up 0.9%

Shares of NYSE:BWA traded up $0.29 during midday trading on Tuesday, hitting $32.71. 968,566 shares of the stock were exchanged, compared to its average volume of 3,074,521. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The business's fifty day simple moving average is $29.39 and its two-hundred day simple moving average is $30.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market capitalization of $7.19 billion, a PE ratio of 22.88, 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 results 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 company 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 company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. As a group, research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

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

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president now owns 63,445 shares of the company's stock, valued at $2,109,546.25. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,036 shares of company stock valued at $2,017,364. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BWA. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and upped their price objective for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays reduced their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Robert W. Baird increased their price objective on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.73.

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.