BorgWarner Inc. (NYSE:BWA) Shares Acquired by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,474 shares of the auto parts company’s stock after purchasing an additional 1,578 shares during the period. Goelzer Investment Management Inc. owned 0.06% of BorgWarner worth $3,767,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BWA. Dimensional Fund Advisors LP grew its holdings in shares of BorgWarner by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company’s stock worth $358,720,000 after purchasing an additional 753,344 shares during the period. Invesco Ltd. grew its stake in BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company’s stock worth $216,014,000 after buying an additional 628,930 shares during the period. Alliancebernstein L.P. increased its position in shares of BorgWarner by 6.8% in the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company’s stock worth $190,142,000 after acquiring an additional 381,504 shares in the last quarter. LSV Asset Management raised its stake in shares of BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after acquiring an additional 792,100 shares during the period. Finally, Turtle Creek Asset Management Inc. boosted its position in BorgWarner by 7.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company’s stock worth $129,664,000 after purchasing an additional 267,250 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 0.7%

Shares of BorgWarner stock opened at $35.29 on Friday. The business has a 50-day moving average price of $32.37 and a 200 day moving average price of $30.68. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The firm has a market cap of $7.75 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. BorgWarner’s dividend payout ratio is currently 35.20%.

Insider Buying and Selling

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the sale, the executive vice president directly owned 214,521 shares of the company’s stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the transaction, the vice president directly owned 63,445 shares of the company’s stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BWA shares. Guggenheim cut their price objective on BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler reiterated an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Barclays reduced their target price on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company upped their target price on shares of BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $37.53.

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.