Toronto Dominion Bank Decreases Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Toronto Dominion Bank reduced its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 37.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

A number of other large investors have also recently made changes to their positions in BWA. LRI Investments LLC boosted its stake in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 909 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner during the fourth quarter valued at $45,000. Avior Wealth Management LLC boosted its stake in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 342 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of BorgWarner during the fourth quarter valued at $48,000. Finally, Quarry LP boosted its stake in shares of BorgWarner by 110.6% during the fourth 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 period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now 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 have sold a total of 65,036 shares of company stock worth $2,017,364 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Stock Down 0.0%

Shares of BWA stock traded down $0.01 during mid-day trading on Thursday, hitting $33.14. 233,588 shares of the stock traded hands, compared to its average volume of 2,758,270. The stock has a market cap of $7.28 billion, a P/E ratio of 23.18, a P/E/G ratio of 0.77 and a beta of 1.08. The stock's fifty day moving average is $29.19 and its two-hundred day moving average is $30.86. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm 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 company posted $1.03 earnings per share. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts predict that BorgWarner Inc. will post 4.28 EPS 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 issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. BorgWarner's dividend payout ratio (DPR) is currently 35.20%.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of research reports. Robert W. Baird upped their price objective on shares of BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays lowered their price objective on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company upped their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, Guggenheim lowered their price objective on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.73.

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.