BorgWarner Inc. (BWA) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 488,100 shares of the auto parts company’s stock after selling 3,200 shares during the period. Gabelli Funds LLC’s holdings in BorgWarner were worth $24,937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC bought a new stake in BorgWarner in the 4th quarter worth about $376,000. Comerica Bank increased its holdings in BorgWarner by 2.9% in the 4th quarter. Comerica Bank now owns 53,226 shares of the auto parts company’s stock worth $3,020,000 after buying an additional 1,481 shares in the last quarter. North Star Asset Management Inc. increased its holdings in BorgWarner by 13.7% in the 4th quarter. North Star Asset Management Inc. now owns 76,691 shares of the auto parts company’s stock worth $3,918,000 after buying an additional 9,269 shares in the last quarter. Victory Capital Management Inc. increased its holdings in BorgWarner by 5.3% in the 4th quarter. Victory Capital Management Inc. now owns 4,112,902 shares of the auto parts company’s stock worth $210,128,000 after buying an additional 208,103 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings in BorgWarner by 222.9% in the 4th quarter. Engineers Gate Manager LP now owns 20,370 shares of the auto parts company’s stock worth $1,041,000 after buying an additional 14,061 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

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

BorgWarner Inc. (BWA) opened at $54.16 on Wednesday. The stock has a market capitalization of $11,037.40, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. BorgWarner Inc. has a 12-month low of $37.54 and a 12-month high of $58.22.

Several equities research analysts recently commented on BWA shares. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, December 26th. Deutsche Bank downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a report on Thursday, October 12th. Royal Bank of Canada reissued a “hold” rating and issued a $61.00 target price on shares of BorgWarner in a research report on Wednesday, December 20th. Oppenheimer began coverage on BorgWarner in a research report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 target price on the stock. Finally, Citigroup raised their target price on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.38.

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About BorgWarner

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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