Guggenheim Capital LLC Sells 44,790 Shares of BorgWarner Inc. (NYSE:BWA)

Guggenheim Capital LLC lowered its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 62.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,376 shares of the auto parts company's stock after selling 44,790 shares during the period. Guggenheim Capital LLC's holdings in BorgWarner were worth $838,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner in the 4th quarter valued at approximately $45,000. Avior Wealth Management LLC lifted its position 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 acquiring an additional 342 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of BorgWarner during the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner in the third quarter valued at $62,000. Finally, Principal Securities Inc. boosted its stake in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after buying an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 in the last three months. Company insiders own 0.45% of the company's stock.

BorgWarner Stock Performance

NYSE BWA traded up $0.23 during trading on Tuesday, hitting $28.53. 225,067 shares of the company's stock traded hands, compared to its average volume of 2,777,376. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.77 and a beta of 1.12. 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 business has a 50 day moving average of $28.11 and a 200-day moving average of $31.22. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. UBS Group restated a "neutral" rating and set a $31.00 target price (down from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. Guggenheim reduced their target price on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird lowered their price target on BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company raised their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.19.

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.