Stifel Financial Corp Has $862,000 Stake in BorgWarner Inc. (NYSE:BWA)

Stifel Financial Corp lowered its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,108 shares of the auto parts company's stock after selling 9,257 shares during the period. Stifel Financial Corp's holdings in BorgWarner were worth $862,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner during the 4th quarter worth approximately $45,000. Avior Wealth Management LLC increased its position 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 buying an additional 342 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of BorgWarner in the 4th quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in BorgWarner during the third quarter worth $62,000. Finally, Principal Securities Inc. raised its holdings in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after acquiring an additional 720 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction 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 directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. The trade was a 38.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of 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 sold a total of 60,036 shares of company stock worth $1,851,114 in the last quarter. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of BWA stock traded up $0.08 on Thursday, hitting $33.00. The company's stock had a trading volume of 436,187 shares, compared to its average volume of 2,755,277. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.97. The stock's 50 day moving average is $28.34 and its 200-day moving average is $30.93. 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 $7.25 billion, a PE ratio of 23.05, a PEG ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $1.03 EPS. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. BorgWarner's payout ratio is 35.20%.

Analysts Set New Price Targets

A number of research firms have commented on BWA. Evercore ISI reduced their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Morgan Stanley reduced their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company boosted their price target on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Robert W. Baird increased their price target on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.47.

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.