Quent Capital LLC Lowers Stock Position in BorgWarner Inc. (NYSE:BWA)

Quent Capital LLC cut its position in shares of BorgWarner Inc. (NYSE:BWA) by 35.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,320 shares of the auto parts company’s stock after selling 716 shares during the quarter. Quent Capital LLC’s holdings in BorgWarner were worth $42,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Studio Investment Management LLC boosted its holdings in BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after buying an additional 310 shares in the last quarter. Spectrum Asset Management Inc. NB CA boosted its holdings in BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after buying an additional 316 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after buying an additional 381 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in BorgWarner by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after buying an additional 393 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BWA has been the topic of several recent analyst reports. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Barclays decreased their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore ISI decreased their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. Finally, The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

BorgWarner Price Performance

Shares of NYSE BWA opened at $29.39 on Friday. BorgWarner Inc. has a 52 week low of $28.65 and a 52 week high of $38.22. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The firm has a 50-day simple moving average of $32.02 and a 200-day simple moving average of $33.19. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, equities analysts predict that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

BorgWarner 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.