Steigerwald Gordon & Koch Inc. Sells 4,319 Shares of BorgWarner Inc. (NYSE:BWA)

Steigerwald Gordon & Koch Inc. cut its holdings in BorgWarner Inc. (NYSE:BWA) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,264 shares of the auto parts company’s stock after selling 4,319 shares during the period. Steigerwald Gordon & Koch Inc. owned about 0.08% of BorgWarner worth $5,572,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BWA. Envestnet Asset Management Inc. increased its stake in BorgWarner by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 194,802 shares of the auto parts company’s stock worth $6,280,000 after acquiring an additional 3,727 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of BorgWarner by 34.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,378 shares of the auto parts company’s stock valued at $947,000 after purchasing an additional 7,513 shares during the last quarter. Hsbc Holdings PLC raised its holdings in BorgWarner by 86.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after buying an additional 652,097 shares during the period. Seven Eight Capital LP bought a new stake in BorgWarner in the second quarter worth $692,000. Finally, XTX Topco Ltd boosted its stake in BorgWarner by 81.5% during the second quarter. XTX Topco Ltd now owns 14,122 shares of the auto parts company’s stock worth $455,000 after buying an additional 6,341 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Up 1.0 %

Shares of BorgWarner stock opened at $32.33 on Friday. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.62 and a beta of 1.20. The firm’s 50-day moving average is $33.14 and its two-hundred day moving average is $33.37.

BorgWarner (NYSE:BWA) last released its quarterly earnings data 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. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. As a group, research analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, 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 transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the sale, the vice president now owns 37,640 shares of the company’s stock, 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 222,010 shares of company stock worth $7,678,076 in the last three months. 0.63% of the stock is owned by 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.