BorgWarner Inc. (NYSE:BWA) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 17.2% in the fourth quarter, HoldingsChannel reports. The firm owned 53,998 shares of the auto parts company’s stock after selling 11,227 shares during the quarter. Koss Olinger Consulting LLC’s holdings in BorgWarner were worth $1,717,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of BorgWarner in the third quarter valued at approximately $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner in the third quarter valued at approximately $38,000. Avior Wealth Management LLC grew its holdings in shares of BorgWarner by 31.3% in the fourth 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 in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of BorgWarner in the fourth quarter valued at approximately $59,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Up 1.6 %

BWA stock opened at $28.82 on Wednesday. The company has a fifty day moving average price of $30.50 and a 200 day moving average price of $32.63. BorgWarner Inc. has a 12 month low of $27.65 and a 12 month high of $38.23. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

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

Wall Street Analyst Weigh In

BWA has been the subject of a number of recent research reports. Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, March 14th. Wells Fargo & Company lifted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Guggenheim set a $38.00 price target on shares of BorgWarner in a research note on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $39.27.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last 90 days. 0.45% 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.