Entropy Technologies LP reduced its position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,380 shares of the auto parts company’s stock after selling 11,376 shares during the quarter. Entropy Technologies LP’s holdings in BorgWarner were worth $2,408,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Prosperity Bancshares Inc acquired a new position in shares of BorgWarner during the 4th quarter worth about $37,000. Sound Income Strategies LLC lifted its stake in BorgWarner by 9,888.9% in the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 890 shares during the last quarter. Torren Management LLC acquired a new stake in BorgWarner in the 4th quarter valued at about $48,000. Cedar Mountain Advisors LLC bought a new position in BorgWarner during the first quarter worth about $55,000. Finally, UMB Bank n.a. grew its holdings in BorgWarner by 28.1% during the fourth quarter. UMB Bank n.a. now owns 1,709 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 375 shares during the period. Institutional investors own 95.67% of the company’s stock.
BorgWarner Stock Up 0.0%
Shares of BWA opened at $64.41 on Monday. The firm has a market cap of $13.21 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. BorgWarner Inc. has a 52 week low of $34.27 and a 52 week high of $78.82. The firm’s 50-day simple moving average is $67.94 and its 200 day simple moving average is $59.06.
BorgWarner Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.17 per share. The ex-dividend date was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio (DPR) is 40.24%.
Insider Transactions at BorgWarner
In other BorgWarner news, VP Isabelle Mckenzie sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total value of $221,725.00. Following the transaction, the vice president directly owned 57,828 shares of the company’s stock, valued at $3,663,403.80. This represents a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Tania Wingfield sold 5,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $63.24, for a total value of $316,200.00. Following the transaction, the executive vice president owned 35,365 shares in the company, valued at $2,236,482.60. The trade was a 12.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 67,500 shares of company stock valued at $4,310,115. 0.76% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have issued reports on BWA shares. Morgan Stanley upped their price objective on BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. UBS Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $95.00 in a research note on Wednesday, June 10th. Wolfe Research reissued an “outperform” rating and set a $95.00 target price on shares of BorgWarner in a report on Wednesday, June 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a research note on Thursday, June 11th. Finally, Barclays raised their price target on BorgWarner from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.57.
Get Our Latest Report on BorgWarner
BorgWarner Company Profile
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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