Gamco Investors INC. ET AL Sells 2,600 Shares of BorgWarner Inc. (NYSE:BWA)

Gamco Investors INC. ET AL lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,000 shares of the auto parts company’s stock after selling 2,600 shares during the quarter. Gamco Investors INC. ET AL owned 0.16% of BorgWarner worth $11,158,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner in the 4th quarter valued at approximately $45,000. Avior Wealth Management LLC boosted its stake in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in BorgWarner in the fourth quarter valued at $59,000. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner during the third quarter worth $62,000. Finally, Principal Securities Inc. lifted its holdings in shares of BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after acquiring an additional 720 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $31.00 target price (down previously from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Tuesday, March 18th. Morgan Stanley cut their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Barclays decreased their price target on BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Saturday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.63% of the stock is currently owned by company insiders.

BorgWarner Stock Performance

BorgWarner stock opened at $26.10 on Wednesday. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23. The company’s 50-day moving average is $28.58 and its two-hundred day moving average is $31.75. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market cap of $5.73 billion, a PE ratio of 18.25, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.69%. BorgWarner’s dividend payout ratio is presently 30.77%.

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.