Community Bank N.A. Has $670,000 Stock Position in BorgWarner Inc. (NYSE:BWA)

Community Bank N.A. decreased its position in BorgWarner Inc. (NYSE:BWA) by 33.4% in the 4th quarter, HoldingsChannel reports. The fund owned 21,080 shares of the auto parts company’s stock after selling 10,595 shares during the period. Community Bank N.A.’s holdings in BorgWarner were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in BorgWarner in the 4th quarter valued at approximately $571,000. KLP Kapitalforvaltning AS bought a new stake in shares of BorgWarner in the 4th quarter valued at approximately $2,152,000. Sei Investments Co. grew its stake in shares of BorgWarner by 12.9% in the 4th quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company’s stock valued at $78,561,000 after purchasing an additional 282,659 shares during the period. American Century Companies Inc. grew its stake in shares of BorgWarner by 20.5% in the 4th quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company’s stock valued at $116,230,000 after purchasing an additional 621,243 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of BorgWarner in the 4th quarter valued at approximately $378,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BWA has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research note on Tuesday, March 18th. Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group decreased their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $39.06.

BorgWarner Trading Down 0.9 %

BWA opened at $28.68 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The firm has a 50 day simple moving average of $30.36 and a 200 day simple moving average of $32.53. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the business’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 transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 over the last ninety days. Insiders own 0.45% of the company’s stock.

About BorgWarner

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.