Schechter Investment Advisors LLC Sells 1,651 Shares of BorgWarner Inc. (NYSE:BWA)

Schechter Investment Advisors LLC lowered its stake in BorgWarner Inc. (NYSE:BWA) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BWA. Parkside Investments LLC boosted its position in shares of BorgWarner by 28.7% during the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after acquiring an additional 43,955 shares during the last quarter. Kennedy Capital Management LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at about $833,000. O Shaughnessy Asset Management LLC boosted its position in shares of BorgWarner by 24.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after acquiring an additional 35,986 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of BorgWarner during the 3rd quarter valued at about $69,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of BorgWarner during the 4th quarter valued at about $33,000. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Frederic Lissalde sold 225,900 shares of the business’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 sale, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Up 3.1 %

BorgWarner stock opened at $34.70 on Thursday. The stock has a market cap of $7.97 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. BorgWarner Inc. has a one year low of $29.51 and a one year high of $50.04. The stock has a fifty day moving average of $32.32 and a 200 day moving average 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 analysts’ consensus estimates of $0.93 by ($0.03). The firm had revenue of $3.52 billion during 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 business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 earnings per share. As a group, sell-side analysts predict that BorgWarner Inc. will post 3.91 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s dividend payout ratio (DPR) is 16.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BWA shares. TheStreet cut BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. The Goldman Sachs Group cut their price objective on BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Finally, StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $44.05.

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.