IFP Advisors Inc Trims Position in BorgWarner Inc. (NYSE:BWA)

IFP Advisors Inc lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,682 shares of the auto parts company’s stock after selling 467 shares during the quarter. IFP Advisors Inc’s holdings in BorgWarner were worth $499,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in BorgWarner during the third quarter valued at $32,000. True Wealth Design LLC purchased a new stake in BorgWarner during the third quarter valued at $38,000. Avior Wealth Management LLC increased its position 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 valued at $46,000 after acquiring an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in BorgWarner during the third quarter valued at $62,000. Finally, Principal Securities Inc. increased its position in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after acquiring an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. The Goldman Sachs Group reduced their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Guggenheim restated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Finally, Wells Fargo & Company upped their price target on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.57.

Insider Activity

In other news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $29.80 on Friday. The stock has a 50 day moving average of $31.28 and a 200 day moving average of $33.00. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The firm has a market cap of $6.52 billion, a PE ratio of 20.84, a PEG ratio of 0.77 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is presently 30.77%.

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.