RMR Wealth Builders Sells 571 Shares of BorgWarner Inc. (NYSE:BWA)

RMR Wealth Builders lessened its stake in BorgWarner Inc. (NYSE:BWA) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,205 shares of the auto parts company’s stock after selling 571 shares during the quarter. RMR Wealth Builders’ holdings in BorgWarner were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Community Trust NA grew its position in BorgWarner by 12.2% during the 4th quarter. First Community Trust NA now owns 7,079 shares of the auto parts company’s stock worth $225,000 after acquiring an additional 770 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of BorgWarner by 32.6% during the 4th quarter. Park Avenue Securities LLC now owns 9,838 shares of the auto parts company’s stock worth $313,000 after buying an additional 2,416 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in BorgWarner in the fourth quarter worth $2,142,000. Oak Thistle LLC acquired a new stake in shares of BorgWarner in the 4th quarter valued at about $436,000. Finally, City Center Advisors LLC increased its holdings in shares of BorgWarner by 10.8% during the fourth quarter. City Center Advisors LLC now owns 8,200 shares of the auto parts company’s stock valued at $261,000 after acquiring an additional 800 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday. Guggenheim reiterated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Wells Fargo & Company reduced their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $40.73.

BorgWarner Price Performance

BorgWarner stock opened at $31.99 on Friday. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.20. The firm has a 50-day moving average of $33.17 and a two-hundred day moving average of $33.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. BorgWarner’s dividend payout ratio is currently 11.17%.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 over the last quarter. 0.63% of the stock is currently owned by insiders.

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.