Whittier Trust Co. of Nevada Inc. Sells 1,000 Shares of BorgWarner Inc. (NYSE:BWA)

Whittier Trust Co. of Nevada Inc. lowered its stake in shares of BorgWarner Inc. (NYSE:BWA) by 43.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,302 shares of the auto parts company’s stock after selling 1,000 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in BorgWarner were worth $41,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blueshift Asset Management LLC bought a new position in shares of BorgWarner during the 4th quarter valued at $411,000. iA Global Asset Management Inc. increased its position in BorgWarner by 489.4% during the fourth quarter. iA Global Asset Management Inc. now owns 51,937 shares of the auto parts company’s stock valued at $1,651,000 after acquiring an additional 43,125 shares during the last quarter. Magnetar Financial LLC bought a new position in BorgWarner in the fourth quarter valued at about $1,362,000. Teacher Retirement System of Texas boosted its position in BorgWarner by 25.9% in the fourth quarter. Teacher Retirement System of Texas now owns 140,546 shares of the auto parts company’s stock worth $4,468,000 after purchasing an additional 28,936 shares during the last quarter. Finally, Platinum Investment Management Ltd. bought a new stake in shares of BorgWarner during the 4th quarter valued at about $87,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $29.47 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 0.77 and a beta of 1.21. The firm has a fifty day moving average price of $30.31 and a 200 day moving average price of $32.51. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. cut their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Cowen cut BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. TD Cowen lowered BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Finally, Guggenheim set a $38.00 price objective on BorgWarner in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

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.