Wincap Financial LLC lifted its stake in BorgWarner Inc. (NYSE:BWA – Free Report) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,320 shares of the auto parts company’s stock after purchasing an additional 1,709 shares during the quarter. Wincap Financial LLC’s holdings in BorgWarner were worth $439,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. increased its holdings in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 523 shares during the last quarter. LRI Investments LLC grew its position in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 909 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner in the fourth quarter worth approximately $45,000. Allworth Financial LP grew its position in BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 793 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in BorgWarner in the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 95.67% of the company’s stock.
BorgWarner Trading Down 0.1%
NYSE:BWA opened at $35.98 on Monday. The firm has a market cap of $7.91 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The stock has a fifty day moving average price of $33.95 and a 200 day moving average price of $31.06. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $37.29. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65.
BorgWarner Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.22%. BorgWarner’s dividend payout ratio is presently 35.20%.
Insiders Place Their Bets
In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the firm’s 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 in the company, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president owned 63,445 shares in the company, valued at approximately $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on BWA. Robert W. Baird increased their price objective on BorgWarner from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Bank of America raised their price target on BorgWarner from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Piper Sandler restated an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of BorgWarner in a research report on Thursday, May 22nd. The Goldman Sachs Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. Finally, Wells Fargo & Company raised their price target on BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average price target of $39.07.
Get Our Latest Research Report on BorgWarner
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.
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