Mather Group LLC. Purchases Shares of 1,237 BorgWarner Inc. (NYSE:BWA)

Mather Group LLC. 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 SEC. The institutional investor purchased 1,237 shares of the auto parts company’s stock, valued at approximately $44,000.

Other institutional investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new stake in shares of BorgWarner in the 4th quarter worth about $2,294,000. Vanguard Group Inc. lifted its position in shares of BorgWarner by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock worth $973,239,000 after purchasing an additional 331,401 shares during the period. Wahed Invest LLC lifted its position in shares of BorgWarner by 11.2% in the 4th quarter. Wahed Invest LLC now owns 3,980 shares of the auto parts company’s stock worth $143,000 after purchasing an additional 402 shares during the period. ICA Group Wealth Management LLC purchased a new stake in shares of BorgWarner in the 4th quarter worth about $66,000. Finally, Royal London Asset Management Ltd. lifted its position in shares of BorgWarner by 6.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 91,872 shares of the auto parts company’s stock worth $3,294,000 after purchasing an additional 5,502 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Up 1.4 %

BWA opened at $33.60 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $34.80 and a 200-day moving average price of $33.87. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.80 and a beta of 1.28.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that BorgWarner Inc. will post 4.07 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.11 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.31%. BorgWarner’s payout ratio is 16.67%.

BorgWarner declared that its board has authorized a stock repurchase plan on Thursday, May 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently commented on BWA. TD Cowen raised their target price on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday, May 6th. Barclays increased their price target on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Wells Fargo & Company increased their price target on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Piper Sandler started coverage on shares of BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.76.

BorgWarner Company 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.