Community Bank N.A. Grows Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Community Bank N.A. raised its position in shares of BorgWarner Inc. (NYSE:BWA) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,775 shares of the auto parts company’s stock after buying an additional 6,035 shares during the quarter. Community Bank N.A.’s holdings in BorgWarner were worth $1,318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BWA. UMB Bank n.a. grew its stake in shares of BorgWarner by 7.1% during the 3rd quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock worth $200,000 after purchasing an additional 327 shares during the period. NewEdge Wealth LLC grew its stake in shares of BorgWarner by 5.8% during the 3rd quarter. NewEdge Wealth LLC now owns 6,206 shares of the auto parts company’s stock worth $251,000 after purchasing an additional 339 shares during the period. Global Retirement Partners LLC grew its stake in shares of BorgWarner by 14.4% during the 3rd quarter. Global Retirement Partners LLC now owns 2,800 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 353 shares during the period. Bank of Nova Scotia grew its stake in shares of BorgWarner by 1.8% during the 3rd quarter. Bank of Nova Scotia now owns 21,842 shares of the auto parts company’s stock worth $882,000 after purchasing an additional 389 shares during the period. Finally, Miracle Mile Advisors LLC grew its stake in shares of BorgWarner by 4.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 9,391 shares of the auto parts company’s stock worth $379,000 after purchasing an additional 390 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Down 2.6 %

Shares of NYSE BWA traded down $0.86 during trading on Thursday, hitting $32.79. 737,905 shares of the company were exchanged, compared to its average volume of 2,834,766. The company has a fifty day moving average price of $32.63 and a 200-day moving average price of $33.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. The firm has a market capitalization of $7.53 billion, a PE ratio of 12.28, a P/E/G ratio of 1.00 and a beta of 1.31. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $50.04.

BorgWarner (NYSE:BWA) last issued 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 business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, equities research analysts expect that BorgWarner Inc. will post 3.89 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. BorgWarner’s payout ratio is presently 16.48%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. decreased their target price on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Wells Fargo & Company decreased their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

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.