Jacobs Levy Equity Management Inc. Sells 271,255 Shares of BorgWarner Inc. (NYSE:BWA)

Jacobs Levy Equity Management Inc. reduced its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 62.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,803 shares of the auto parts company's stock after selling 271,255 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.08% of BorgWarner worth $5,271,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner in the 4th quarter valued at $45,000. Avior Wealth Management LLC boosted its stake in BorgWarner by 31.3% during the fourth 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 in the last quarter. Kapitalo Investimentos Ltda bought a new position in BorgWarner during the fourth quarter worth $48,000. Quarry LP boosted its stake in BorgWarner by 110.6% during the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock worth $58,000 after acquiring an additional 959 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in BorgWarner during the fourth quarter worth $59,000. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BWA. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Guggenheim cut their target price 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. Finally, Wells Fargo & Company raised their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.67.

Insider Buying and Selling

In other news, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 60,036 shares of company stock valued at $1,851,114 over the last three months. 0.45% of the stock is owned by company insiders.

BorgWarner Price Performance

BorgWarner stock traded up $0.46 during mid-day trading on Tuesday, hitting $33.52. 484,184 shares of the company traded hands, compared to its average volume of 2,753,764. BorgWarner Inc. has a one year low of $24.40 and a one year high of $37.29. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. 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 stock has a fifty day moving average price of $28.57 and a 200-day moving average price of $30.87.

BorgWarner (NYSE:BWA - Get Free Report) last posted 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 firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The business's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, equities analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.31%. BorgWarner's payout ratio is 35.20%.

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.