Prudent Man Advisors LLC Decreases Stake in BorgWarner Inc. (NYSE:BWA)

Prudent Man Advisors LLC reduced its position in BorgWarner Inc. (NYSE:BWA) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,462 shares of the auto parts company’s stock after selling 2,506 shares during the period. Prudent Man Advisors LLC’s holdings in BorgWarner were worth $428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in BorgWarner in the 3rd quarter valued at about $32,000. True Wealth Design LLC bought a new position in shares of BorgWarner during the third quarter worth about $38,000. Avior Wealth Management LLC lifted its position in shares of BorgWarner by 31.3% during the fourth 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. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the third quarter worth about $62,000. Finally, Principal Securities Inc. lifted its position in shares of BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 720 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $29.80 on Friday. The firm’s 50 day moving average is $31.23 and its two-hundred day moving average is $33.00. BorgWarner Inc. has a 52 week low of $28.65 and a 52 week high of $38.22. The firm has a market capitalization of $6.52 billion, a P/E 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 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%. Analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.48%. BorgWarner’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

BWA has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Guggenheim reaffirmed a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Evercore ISI reduced their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.57.

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.