GAMMA Investing LLC Makes New $80,000 Investment in BorgWarner Inc. (NYSE:BWA)

GAMMA Investing LLC acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 4th quarter, Holdings Channel reports. The firm acquired 2,355 shares of the auto parts company’s stock, valued at approximately $80,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of BorgWarner in the third quarter valued at about $28,000. Sound Income Strategies LLC bought a new position in BorgWarner in the 4th quarter valued at about $32,000. Bruce G. Allen Investments LLC acquired a new stake in BorgWarner during the fourth quarter worth approximately $33,000. Trust Co. of Vermont boosted its holdings in shares of BorgWarner by 49,000.0% during the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 980 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of BorgWarner in the third quarter valued at approximately $51,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Trading Up 1.6 %

BWA opened at $33.73 on Tuesday. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The company has a fifty day moving average of $32.71 and a 200-day moving average of $33.86. The stock has a market cap of $7.75 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last announced 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). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that BorgWarner Inc. will post 3.9 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.30%. BorgWarner’s payout ratio is presently 16.48%.

Analyst Ratings Changes

BWA has been the subject of several research reports. Piper Sandler initiated coverage on BorgWarner in a report on Friday, March 15th. They set an “overweight” rating and a $43.00 price target for the company. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Barclays upped their price target on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the transaction, the vice president now owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Volker Weng sold 20,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the completion of the transaction, the vice president now owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 287,503 shares of company stock valued at $9,015,478. 0.63% of the stock is owned by company insiders.

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.