Brown Advisory Inc. Purchases New Stake in BorgWarner Inc. (NYSE:BWA)

Brown Advisory Inc. purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,213 shares of the auto parts company’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Horst & Graben Wealth Management LLC bought a new position in BorgWarner in the 1st quarter valued at about $254,000. Beverly Hills Private Wealth LLC lifted its holdings in BorgWarner by 5.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 421 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in BorgWarner by 13.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 147,053 shares of the auto parts company’s stock valued at $4,213,000 after acquiring an additional 17,550 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in BorgWarner by 24.6% in the 1st quarter. TD Private Client Wealth LLC now owns 2,962 shares of the auto parts company’s stock valued at $85,000 after acquiring an additional 585 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in BorgWarner by 3,367.6% in the 1st quarter. Penserra Capital Management LLC now owns 19,176 shares of the auto parts company’s stock valued at $549,000 after acquiring an additional 18,623 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Tonit M. Calaway sold 27,736 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was 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 approximately $7,042,724.43. The trade was a 11.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner 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 in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. Robert W. Baird upped their price objective on shares of BorgWarner from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday. Barclays reduced 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. UBS Group upped their price objective on shares of BorgWarner from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday. Finally, The Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.36.

BorgWarner Price Performance

Shares of BWA stock opened at $35.68 on Tuesday. The stock has a 50-day moving average price of $33.17 and a 200 day moving average price of $30.80. 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 $7.84 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.56 and a beta of 1.09. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29.

BorgWarner (NYSE:BWA) last announced 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. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. BorgWarner’s payout ratio is currently 35.20%.

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.