CX Institutional Makes New Investment in BorgWarner Inc. (NYSE:BWA)

CX Institutional purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,421 shares of the auto parts company’s stock, valued at approximately $98,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in BorgWarner in the 4th quarter valued at about $62,180,000. Bank of America Corp DE boosted its holdings in BorgWarner by 91.9% during the fourth quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock worth $123,311,000 after buying an additional 1,857,907 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in BorgWarner by 8,137.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock worth $41,297,000 after buying an additional 1,283,287 shares during the last quarter. LSV Asset Management increased its holdings in shares of BorgWarner by 22.5% in the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after buying an additional 792,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 valued at $358,720,000 after acquiring an additional 753,344 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following the transaction, the executive vice president now owns 214,521 shares in the company, valued at approximately $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 63,445 shares of the company’s stock, valued at $2,109,546.25. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 0.8%

BWA stock opened at $33.33 on Tuesday. The business has a 50-day moving average of $30.54 and a 200-day moving average of $30.69. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The stock has a market capitalization of $7.32 billion, a P/E ratio of 23.31, a P/E/G ratio of 0.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors 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 1.32%. BorgWarner’s dividend payout ratio (DPR) is presently 35.20%.

Analyst Upgrades and Downgrades

BWA has been the subject of several research analyst reports. TD Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research note on Friday, March 7th. Guggenheim reduced their price target on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Bank of America boosted their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Monday. Barclays dropped their price objective on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Finally, BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $37.47.

About BorgWarner

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.