Boomfish Wealth Group LLC Has $749,000 Position in BorgWarner Inc. (NYSE:BWA)

Boomfish Wealth Group LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 27.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,576 shares of the auto parts company’s stock after selling 8,856 shares during the period. Boomfish Wealth Group LLC’s holdings in BorgWarner were worth $749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Matrix Trust Co bought a new position in shares of BorgWarner in the third quarter valued at $25,000. Brooklyn Investment Group bought a new position in shares of BorgWarner in the 3rd quarter valued at about $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner during the 3rd quarter worth about $38,000. Trust Co. of Vermont grew its holdings in BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 645 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity

In related news, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock worth $7,678,076 over the last three months. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BWA shares. Deutsche Bank Aktiengesellschaft upped their price target 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. Guggenheim reissued a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Barclays decreased their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company reduced their target price on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.40.

BorgWarner Stock Up 1.2 %

Shares of NYSE BWA opened at $32.86 on Friday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company’s 50 day moving average price is $32.83 and its 200-day moving average price is $33.38. The company has a market capitalization of $7.19 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.20.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results 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. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis. Equities analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.34%. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

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.