Schechter Investment Advisors LLC Has $1.01 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Schechter Investment Advisors LLC decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,071 shares of the auto parts company’s stock after selling 1,651 shares during the quarter. Schechter Investment Advisors LLC’s holdings in BorgWarner were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BWA. Headlands Technologies LLC acquired a new position in shares of BorgWarner in the third quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of BorgWarner by 72.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock worth $40,000 after buying an additional 342 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of BorgWarner during the 4th quarter worth approximately $32,000. Bruce G. Allen Investments LLC bought a new position in shares of BorgWarner during the 4th quarter worth approximately $33,000. Finally, Huntington National Bank boosted its holdings in shares of BorgWarner by 86.0% during the 2nd quarter. Huntington National Bank now owns 941 shares of the auto parts company’s stock worth $46,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Robert W. Baird lowered BorgWarner from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Barclays lowered their price target on BorgWarner from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.05.

BorgWarner Trading Up 3.1 %

Shares of BorgWarner stock opened at $34.70 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. The firm has a market cap of $7.97 billion, a PE ratio of 13.00, a P/E/G ratio of 0.94 and a beta of 1.29. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04. The stock has a fifty day moving average price of $32.32 and a 200-day moving average price of $34.88.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. Equities research analysts anticipate that BorgWarner Inc. will post 3.91 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.27%. BorgWarner’s dividend payout ratio is currently 16.48%.

Insiders Place Their Bets

In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock worth $9,015,478 in the last quarter. 0.45% of the stock is owned by company insiders.

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.