CWH Capital Management Inc. lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,055 shares of the auto parts company’s stock after selling 31,755 shares during the period. BorgWarner comprises approximately 1.4% of CWH Capital Management Inc.’s holdings, making the stock its 26th largest holding. CWH Capital Management Inc.’s holdings in BorgWarner were worth $2,851,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in BWA. United Services Automobile Association increased its holdings in BorgWarner by 18.1% during the 2nd quarter. United Services Automobile Association now owns 99,670 shares of the auto parts company’s stock valued at $4,302,000 after purchasing an additional 15,255 shares during the period. Centre Asset Management LLC grew its holdings in shares of BorgWarner by 19.3% during the 3rd quarter. Centre Asset Management LLC now owns 100,450 shares of the auto parts company’s stock worth $4,297,000 after acquiring an additional 16,280 shares during the period. CENTRAL TRUST Co grew its holdings in shares of BorgWarner by 38.3% during the 3rd quarter. CENTRAL TRUST Co now owns 7,870 shares of the auto parts company’s stock worth $337,000 after acquiring an additional 2,180 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of BorgWarner during the 3rd quarter worth approximately $1,005,000. Finally, Douglas Lane & Associates LLC grew its holdings in shares of BorgWarner by 0.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,161,180 shares of the auto parts company’s stock worth $49,675,000 after acquiring an additional 5,163 shares during the period. Institutional investors own 90.30% of the company’s stock.
Shares of BWA traded down $0.07 during mid-day trading on Thursday, reaching $40.41. The company had a trading volume of 6,911 shares, compared to its average volume of 1,573,807. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 0.50. BorgWarner Inc. has a 52 week low of $32.46 and a 52 week high of $57.41. The stock has a market cap of $8.41 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.08 and a beta of 1.70.
BWA has been the topic of a number of research analyst reports. Buckingham Research reduced their target price on BorgWarner from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, October 3rd. Citigroup reduced their target price on BorgWarner from $52.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 12th. Bank of America upgraded BorgWarner from an “underperform” rating to a “neutral” rating and set a $45.00 target price on the stock in a report on Tuesday, October 23rd. Oppenheimer reiterated a “buy” rating and set a $51.00 target price on shares of BorgWarner in a report on Thursday, October 25th. Finally, Morgan Stanley reduced their target price on BorgWarner from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $50.86.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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