BorgWarner Inc. (NYSE:BWA) Holdings Cut by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,665 shares of the auto parts company’s stock after selling 5,938 shares during the quarter. CHICAGO TRUST Co NA’s holdings in BorgWarner were worth $1,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Matrix Trust Co bought a new position in BorgWarner during the 3rd quarter worth $25,000. Brooklyn Investment Group acquired a new position in BorgWarner during the 3rd quarter valued at about $32,000. Sentry Investment Management LLC bought a new position in BorgWarner in the 2nd quarter worth approximately $32,000. True Wealth Design LLC acquired a new stake in BorgWarner in the 3rd quarter valued at approximately $38,000. Finally, Trust Co. of Vermont raised its stake in BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 645 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Up 0.6 %

NYSE:BWA traded up $0.19 during trading hours on Monday, hitting $31.23. 534,382 shares of the stock traded hands, compared to its average volume of 1,906,362. The firm has a 50 day moving average price of $33.37 and a 200 day moving average price of $33.37. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.77 and a beta of 1.20. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. Equities research analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.41%. BorgWarner’s payout ratio is 11.17%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BWA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Guggenheim restated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.07.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the sale, the vice president now directly owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now owns 227,513 shares in the company, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 in the last quarter. Company insiders own 0.45% of the company’s stock.

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.