Ashton Thomas Private Wealth LLC Invests $93,000 in BorgWarner Inc. (NYSE:BWA)

Ashton Thomas Private Wealth LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,871 shares of the auto parts company’s stock, valued at approximately $93,000.

Other institutional investors have also modified their holdings of the company. Trillium Asset Management LLC lifted its stake in BorgWarner by 2.1% in the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after buying an additional 283 shares in the last quarter. Empirical Finance LLC raised its holdings in BorgWarner by 3.5% in the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock valued at $294,000 after acquiring an additional 285 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in BorgWarner by 1.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock valued at $667,000 after acquiring an additional 335 shares during the last quarter. First Pacific Financial raised its holdings in BorgWarner by 3.6% in the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after acquiring an additional 340 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of BorgWarner by 3.8% during the 1st quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock worth $329,000 after buying an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on BWA shares. UBS Group upped their price objective on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Wolfe Research assumed coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.07.

BorgWarner Price Performance

NYSE BWA opened at $32.21 on Friday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $42.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The firm has a market capitalization of $7.34 billion, a PE ratio of 12.20, a P/E/G ratio of 0.87 and a beta of 1.20. The company’s 50 day simple moving average is $32.79 and its 200 day simple moving average is $33.53.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm posted $1.35 earnings per share. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, September 3rd. BorgWarner’s dividend payout ratio is 16.67%.

Insider Buying and Selling

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

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.