Reinhart Partners Inc. Reduces Stake in BorgWarner Inc. (BWA)

Reinhart Partners Inc. decreased its holdings in BorgWarner Inc. (NYSE:BWA) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,503 shares of the auto parts company’s stock after selling 74,990 shares during the period. Reinhart Partners Inc. owned about 0.16% of BorgWarner worth $16,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BWA. Zeke Capital Advisors LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at about $201,000. Dorsey & Whitney Trust CO LLC acquired a new position in BorgWarner in the third quarter worth approximately $202,000. Rothschild Investment Corp IL acquired a new position in BorgWarner in the third quarter worth approximately $205,000. Reliance Trust Co. of Delaware acquired a new position in BorgWarner in the third quarter worth approximately $213,000. Finally, Savant Capital LLC acquired a new position in BorgWarner in the third quarter worth approximately $213,000. Institutional investors own 95.02% of the company’s stock.

Shares of BorgWarner Inc. (BWA) traded down $0.17 during midday trading on Monday, hitting $56.94. The company had a trading volume of 959,100 shares, compared to its average volume of 1,553,592. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $11,890.00, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.76. BorgWarner Inc. has a twelve month low of $37.54 and a twelve month high of $58.22.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. BorgWarner’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. equities analysts anticipate that BorgWarner Inc. will post 3.83 EPS for the current year.

In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now directly owns 16,197 shares in the company, valued at $847,912.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John J. Gasparovic sold 38,409 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

A number of research firms recently commented on BWA. Zacks Investment Research downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday. Barclays restated a “hold” rating and issued a $58.00 price objective on shares of BorgWarner in a report on Sunday. Royal Bank of Canada restated a “hold” rating and issued a $61.00 price objective on shares of BorgWarner in a report on Wednesday, December 20th. Oppenheimer began coverage on BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective on the stock. Finally, BMO Capital Markets increased their price objective on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.38.

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BorgWarner Profile

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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