Savant Capital LLC Sells 18,475 Shares of BorgWarner Inc. (NYSE:BWA)

Savant Capital LLC trimmed its position in BorgWarner Inc. (NYSE:BWA) by 31.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,047 shares of the auto parts company’s stock after selling 18,475 shares during the period. Savant Capital LLC’s holdings in BorgWarner were worth $1,273,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in BorgWarner in the 3rd quarter worth about $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner during the third quarter worth about $38,000. Avior Wealth Management LLC increased its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the period. Trust Co. of Vermont raised its holdings in BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after buying an additional 645 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner during the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BWA has been the subject of several recent research reports. Evercore ISI decreased their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday. Barclays decreased their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday. The Goldman Sachs Group cut their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.20.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $29.39 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52 week low of $28.65 and a 52 week high of $38.22. The firm has a 50 day moving average of $32.02 and a 200-day moving average of $33.19. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. On average, equities analysts forecast that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

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.