Oakworth Capital Inc. Sells 4,801 Shares of BorgWarner Inc. (NYSE:BWA)

Oakworth Capital Inc. lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 86.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 728 shares of the auto parts company’s stock after selling 4,801 shares during the period. Oakworth Capital Inc.’s holdings in BorgWarner were worth $26,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BWA. Trillium Asset Management LLC increased its stake in BorgWarner by 2.1% during the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock worth $479,000 after buying an additional 283 shares in the last quarter. Empirical Finance LLC increased its position in shares of BorgWarner by 3.5% during the first quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 285 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in BorgWarner by 1.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock valued at $667,000 after purchasing an additional 335 shares during the last quarter. First Pacific Financial lifted its holdings in BorgWarner by 3.6% in the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after purchasing an additional 340 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC boosted its stake in BorgWarner by 2.2% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

BWA has been the topic of several research reports. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Citigroup lowered their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company dropped their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Finally, Robert W. Baird raised their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Insider Activity

In other news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

NYSE BWA opened at $34.23 on Wednesday. The company has a market cap of $7.80 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The stock has a 50-day moving average of $33.90 and a two-hundred day moving average of $33.89. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $39.10.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.18. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. As a group, analysts anticipate that BorgWarner Inc. will post 4.1 EPS for the current year.

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.