Goelzer Investment Management Inc. Trims Holdings in BorgWarner Inc. (NYSE:BWA)

Goelzer Investment Management Inc. lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 132,412 shares of the auto parts company’s stock after selling 6,506 shares during the quarter. Goelzer Investment Management Inc.’s holdings in BorgWarner were worth $4,805,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Riverview Trust Co bought a new stake in BorgWarner in the first quarter valued at $30,000. LRI Investments LLC purchased a new position in shares of BorgWarner during the first quarter valued at about $35,000. Sentry Investment Management LLC bought a new position in BorgWarner in the second quarter worth about $32,000. Olistico Wealth LLC purchased a new stake in BorgWarner in the second quarter worth about $35,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in BorgWarner by 12,144.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 1,093 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BWA shares. Robert W. Baird increased their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $36.00 price objective on shares of BorgWarner in a research report on Tuesday, September 10th. Wells Fargo & Company reduced their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Barclays increased their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Bank of America dropped their price objective on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.20.

BorgWarner Stock Up 0.9 %

BWA traded up $0.30 during trading on Friday, hitting $35.13. 1,898,438 shares of the company’s stock traded hands, compared to its average volume of 2,825,009. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $40.76. The company’s 50 day simple moving average is $33.33 and its two-hundred day simple moving average is $33.81. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.94 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.01 by $0.18. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. BorgWarner’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period last year, the company earned $1.35 EPS. Analysts predict that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

About BorgWarner

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.