Securian Asset Management Inc. Decreases Stake in BorgWarner Inc. (NYSE:BWA)

Securian Asset Management Inc. cut its position in shares of BorgWarner Inc. (NYSE:BWA) by 6.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,689 shares of the auto parts company’s stock after selling 871 shares during the quarter. Securian Asset Management Inc.’s holdings in BorgWarner were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Studio Investment Management LLC raised its stake in BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 310 shares during the period. Avior Wealth Management LLC raised 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 purchasing an additional 342 shares during the period. Janney Montgomery Scott LLC raised its stake in BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after purchasing an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in BorgWarner by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after purchasing an additional 393 shares during the period. Finally, Wellington Management Group LLP raised its stake in BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BWA. Morgan Stanley reduced their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. TD Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Friday, March 7th. The Goldman Sachs Group dropped their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Tuesday. Finally, Guggenheim set a $38.00 price target on shares of BorgWarner in a research report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.27.

BorgWarner Stock Up 1.6 %

Shares of BorgWarner stock opened at $28.82 on Wednesday. BorgWarner Inc. has a 52-week low of $27.65 and a 52-week high of $38.23. The company has a 50 day moving average of $30.50 and a 200 day moving average of $32.63. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.30 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. As a group, research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Buying and Selling

In other news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $1,347,701 over the last 90 days. 0.45% of the stock is owned by insiders.

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.