BorgWarner Inc. (NYSE:BWA) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 7.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,138 shares of the auto parts company’s stock after acquiring an additional 3,512 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BorgWarner were worth $1,552,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Principal Securities Inc. acquired a new position in BorgWarner in the fourth quarter valued at approximately $46,000. Avantax Advisory Services Inc. boosted its holdings in shares of BorgWarner by 5.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 23,135 shares of the auto parts company’s stock valued at $829,000 after buying an additional 1,225 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of BorgWarner in the 4th quarter valued at $1,018,000. Panagora Asset Management Inc. raised its stake in BorgWarner by 12.7% during the 4th quarter. Panagora Asset Management Inc. now owns 15,151 shares of the auto parts company’s stock worth $543,000 after acquiring an additional 1,709 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in BorgWarner by 4.2% in the fourth quarter. Independent Advisor Alliance now owns 8,774 shares of the auto parts company’s stock valued at $315,000 after acquiring an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Up 2.2 %

BWA opened at $32.90 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $42.27. The stock has a market capitalization of $7.50 billion, a P/E ratio of 12.46, a P/E/G ratio of 0.87 and a beta of 1.20. The business has a 50 day simple moving average of $32.81 and a 200-day simple moving average of $33.56.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $1.35 earnings per share. BorgWarner’s quarterly revenue was down 20.3% compared to the same quarter last year. On average, equities analysts anticipate that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.34%. BorgWarner’s payout ratio is currently 16.67%.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BWA has been the topic of several research reports. Barclays raised their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company reduced their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $36.00 target price on shares of BorgWarner in a report on Tuesday, September 10th. Finally, Robert W. Baird increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

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.