Oppenheimer & Co. Inc. Has $1.39 Million Stake in BorgWarner Inc. (NYSE:BWA)

Oppenheimer & Co. Inc. reduced its stake in BorgWarner Inc. (NYSE:BWA) by 7.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,600 shares of the auto parts company’s stock after selling 3,485 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BorgWarner were worth $1,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Studio Investment Management LLC lifted its holdings in BorgWarner by 12.4% in the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 310 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after purchasing an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in BorgWarner by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after purchasing an additional 393 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Morgan Stanley dropped their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.53.

BorgWarner Stock Performance

BWA opened at $28.80 on Tuesday. The stock has a market cap of $6.30 billion, a PE ratio of 20.14, a P/E/G 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 Inc. has a 1 year low of $28.54 and a 1 year high of $38.22. The stock’s 50 day simple moving average is $31.23 and its 200-day simple moving average is $33.00.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. Sell-side analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

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

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.