Davis Investment Partners LLC Sells 8,061 Shares of BorgWarner Inc. (NYSE:BWA)

Davis Investment Partners LLC trimmed its position in shares of BorgWarner Inc. (NYSE:BWA) by 32.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,649 shares of the auto parts company’s stock after selling 8,061 shares during the period. Davis Investment Partners LLC’s holdings in BorgWarner were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BWA. Norges Bank bought a new stake in shares of BorgWarner during the 4th quarter valued at $62,180,000. Bank of America Corp DE increased its holdings in BorgWarner by 91.9% in the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock valued at $123,311,000 after acquiring an additional 1,857,907 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in BorgWarner by 8,137.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock valued at $41,297,000 after acquiring an additional 1,283,287 shares during the last quarter. LSV Asset Management increased its holdings in BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after acquiring an additional 792,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BorgWarner by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company’s stock valued at $358,720,000 after acquiring an additional 753,344 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the sale, the executive vice president now directly owns 214,521 shares of the company’s stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the vice president now owns 63,445 shares of the company’s stock, valued at approximately $2,109,546.25. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

BorgWarner Price Performance

BWA stock opened at $33.69 on Thursday. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $30.05 and a 200 day moving average price of $30.76. The stock has a market cap of $7.40 billion, a PE ratio of 23.56, a P/E/G ratio of 0.77 and a beta of 1.10.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.31%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. UBS Group lifted their price target on shares of BorgWarner from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Barclays reduced their price target on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, May 19th. The Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Finally, BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.73.

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.