Cornell Pochily Investment Advisors Inc. Has $789,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Cornell Pochily Investment Advisors Inc. lessened its stake in shares of BorgWarner Inc. (NYSE:BWA) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,996 shares of the auto parts company’s stock after selling 2,278 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in BorgWarner were worth $789,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in BorgWarner in the third quarter worth $28,000. Sound Income Strategies LLC bought a new position in BorgWarner in the fourth quarter worth $32,000. Bruce G. Allen Investments LLC bought a new position in shares of BorgWarner during the fourth quarter valued at $33,000. Trust Co. of Vermont lifted its holdings in shares of BorgWarner by 49,000.0% during the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 980 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of BorgWarner by 72.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 342 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA stock traded up $0.11 during midday trading on Thursday, hitting $34.81. The company’s stock had a trading volume of 524,822 shares, compared to its average volume of 2,958,734. The stock’s 50-day moving average price is $32.32 and its 200 day moving average price is $34.88. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.95 and a beta of 1.29.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, equities analysts forecast that BorgWarner Inc. will post 3.91 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s dividend payout ratio (DPR) is currently 16.48%.

Insiders Place Their Bets

In related news, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Barclays lowered their target price on BorgWarner from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 15th. Wells Fargo & Company lowered their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered their target price on BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Piper Sandler initiated coverage on BorgWarner in a research report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.05.

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.