RMR Wealth Builders Cuts Holdings in BorgWarner Inc. (NYSE:BWA)

RMR Wealth Builders lowered its position in BorgWarner Inc. (NYSE:BWA) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,205 shares of the auto parts company’s stock after selling 571 shares during the quarter. RMR Wealth Builders’ holdings in BorgWarner were worth $261,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in shares of BorgWarner by 40.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,795 shares of the auto parts company’s stock worth $1,122,000 after acquiring an additional 10,055 shares during the last quarter. Envestnet Asset Management Inc. grew its position in BorgWarner by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 194,802 shares of the auto parts company’s stock valued at $6,280,000 after acquiring an additional 3,727 shares in the last quarter. Virtu Financial LLC purchased a new position in BorgWarner in the second quarter valued at about $1,016,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of BorgWarner during the 2nd quarter valued at approximately $986,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in BorgWarner by 34.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,378 shares of the auto parts company’s stock worth $947,000 after acquiring an additional 7,513 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BWA shares. Wells Fargo & Company decreased their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Guggenheim reiterated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. The Goldman Sachs Group lowered their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Six equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $40.73.

BorgWarner Price Performance

NYSE BWA opened at $31.99 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The business has a 50 day simple moving average of $33.17 and a 200 day simple moving average of $33.35. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.62 and a beta of 1.20.

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. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio is 11.17%.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 222,010 shares of company stock worth $7,678,076. 0.63% of the stock is owned by insiders.

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.