Amalgamated Bank Buys 24,132 Shares of BorgWarner Inc. (NYSE:BWA)

Amalgamated Bank raised its stake in BorgWarner Inc. (NYSE:BWA) by 57.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,088 shares of the auto parts company’s stock after purchasing an additional 24,132 shares during the period. Amalgamated Bank’s holdings in BorgWarner were worth $1,893,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Global X Japan Co. Ltd. boosted its holdings in BorgWarner by 133.4% in the 1st 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 period. LRI Investments LLC raised its stake in shares of BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after buying an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of BorgWarner in the 4th quarter valued at $45,000. Golden State Wealth Management LLC raised its stake in shares of BorgWarner by 596.1% in the 1st quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company’s stock valued at $46,000 after buying an additional 1,371 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of BorgWarner in the 4th quarter valued at $48,000. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BWA shares. Wall Street Zen upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Bank of America increased their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Guggenheim dropped their price objective on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Barclays dropped their price objective on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $37.53.

BorgWarner Stock Down 0.7%

Shares of NYSE:BWA opened at $35.29 on Monday. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29. The company’s 50-day moving average price is $32.51 and its two-hundred day moving average price is $30.68. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The firm has a market cap of $7.75 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.55 and a beta of 1.09.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue was down 2.2% on a year-over-year basis. As a group, research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.11 per share. 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 Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tonit M. Calaway sold 27,736 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate 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.