BorgWarner Inc. (NYSE:BWA) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,977 shares of the auto parts company's stock after selling 16,798 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in BorgWarner were worth $1,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. LRI Investments LLC boosted its position in BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after buying an additional 909 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner in the 4th quarter valued at approximately $45,000. Kapitalo Investimentos Ltda purchased a new position in BorgWarner in the 4th quarter valued at approximately $48,000. Quarry LP increased its holdings in BorgWarner by 110.6% during the 4th quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock worth $58,000 after purchasing an additional 959 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new stake in BorgWarner during the 4th quarter worth about $59,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling

In related news, 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 transaction of $166,250.00. Following the transaction, the vice president now owns 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the sale, the executive vice president now directly owns 214,521 shares of the company's stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,036 shares of company stock worth $1,326,404 in the last quarter. 0.45% of the stock is owned by insiders.

BorgWarner Stock Up 0.5%

Shares of BWA traded up $0.15 during mid-day trading on Friday, reaching $32.31. The company's stock had a trading volume of 1,609,679 shares, compared to its average volume of 2,685,442. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $37.29. The stock has a market cap of $7.10 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. 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 company's 50 day moving average is $29.69 and its 200 day moving average is $30.73.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. The firm 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 firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. BorgWarner's dividend payout ratio is presently 35.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Tuesday, March 18th. Robert W. Baird upped their price target on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Guggenheim cut their price target on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Wall Street Zen upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.