Arbor Wealth Advisors LLC Has $3.42 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Arbor Wealth Advisors LLC lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 107,411 shares of the auto parts company’s stock after selling 500 shares during the period. BorgWarner comprises 3.0% of Arbor Wealth Advisors LLC’s holdings, making the stock its 7th biggest position. Arbor Wealth Advisors LLC’s holdings in BorgWarner were worth $3,415,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Matrix Trust Co purchased a new stake in BorgWarner during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new stake in shares of BorgWarner in the third quarter worth about $32,000. True Wealth Design LLC purchased a new position in BorgWarner during the third quarter valued at approximately $38,000. Trust Co. of Vermont lifted its holdings in BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 645 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of BorgWarner during the 3rd quarter worth approximately $62,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the transaction, the vice president now owns 37,640 shares in the company, 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 sold a total of 222,010 shares of company stock valued at $7,678,076 over the last ninety days. Insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

BWA opened at $31.55 on Tuesday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.77 and a beta of 1.20. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average price is $33.37 and its 200 day moving average price is $33.37. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the business posted $0.98 earnings per share. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Analyst Ratings Changes

A number of research analysts have weighed in on BWA shares. Guggenheim reiterated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 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 research report on Monday, October 14th. The Goldman Sachs Group dropped their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

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.