Old North State Wealth Management LLC Sells 678 Shares of BorgWarner Inc. (NYSE:BWA)

Old North State Wealth Management LLC cut its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,642 shares of the auto parts company’s stock after selling 678 shares during the quarter. BorgWarner comprises about 1.5% of Old North State Wealth Management LLC’s holdings, making the stock its 26th largest position. Old North State Wealth Management LLC’s holdings in BorgWarner were worth $2,628,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Matrix Trust Co bought a new stake in shares of BorgWarner in the 3rd quarter valued at $25,000. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the third quarter valued at approximately $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner during the third quarter worth approximately $38,000. Avior Wealth Management LLC lifted its holdings in shares of 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 in the last quarter. Finally, Trust Co. of Vermont grew its position in BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 645 shares during the period. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 over the last ninety days. 0.63% of the stock is currently owned by company insiders.

BorgWarner Stock Up 0.3 %

BorgWarner stock opened at $31.26 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.84 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.66 and a beta of 1.18. The firm has a 50 day moving average price of $32.65 and a 200-day moving average price of $33.33. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BWA shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group decreased their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, Barclays decreased their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Six 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

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.