Commerce Bank Cuts Holdings in BorgWarner Inc. (BWA)

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Commerce Bank lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 8.8% in the first quarter, HoldingsChannel.com reports. The firm owned 24,996 shares of the auto parts company’s stock after selling 2,407 shares during the period. Commerce Bank’s holdings in BorgWarner were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its position in BorgWarner by 247.8% during the fourth quarter. Proficio Capital Partners LLC now owns 939 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 669 shares during the period. CSat Investment Advisory L.P. boosted its position in BorgWarner by 93.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 999 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 482 shares during the period. Bremer Trust National Association bought a new position in BorgWarner during the fourth quarter worth about $47,000. Rehmann Capital Advisory Group boosted its position in shares of BorgWarner by 186.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,731 shares of the auto parts company’s stock valued at $60,000 after acquiring an additional 1,127 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of BorgWarner by 24.1% in the fourth quarter. IFP Advisors Inc now owns 2,010 shares of the auto parts company’s stock valued at $69,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

In other BorgWarner news, VP Joel Wiegert sold 6,000 shares of BorgWarner stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $38.74, for a total transaction of $232,440.00. Following the completion of the sale, the vice president now directly owns 27,420 shares in the company, valued at $1,062,250.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas J. Mcgill sold 2,400 shares of BorgWarner stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $41.97, for a total transaction of $100,728.00. Following the sale, the chief financial officer now owns 32,958 shares of the company’s stock, valued at $1,383,247.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,524 shares of company stock valued at $464,376. 0.75% of the stock is currently owned by company insiders.

A number of research firms have recently commented on BWA. ValuEngine lowered shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research report on Monday, May 13th. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Morgan Stanley set a $48.00 price objective on shares of BorgWarner and gave the company a “buy” rating in a research report on Thursday, May 16th. Seaport Global Securities began coverage on shares of BorgWarner in a research report on Wednesday, February 13th. They issued a “neutral” rating for the company. Finally, Bank of America restated a “neutral” rating and issued a $46.00 price objective (up from $42.00) on shares of BorgWarner in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. BorgWarner currently has an average rating of “Buy” and a consensus price target of $48.75.

BWA stock opened at $35.64 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.62 and a quick ratio of 1.27. BorgWarner Inc. has a 12 month low of $32.46 and a 12 month high of $52.56. The company has a market capitalization of $7.39 billion, a PE ratio of 8.12, a PEG ratio of 1.09 and a beta of 1.74.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. BorgWarner had a net margin of 8.39% and a return on equity of 21.64%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business posted $1.10 earnings per share. BorgWarner’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities research analysts predict that BorgWarner Inc. will post 4.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.91%. BorgWarner’s payout ratio is presently 15.18%.

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BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA).

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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