Alpha Omega Wealth Management LLC Has $602,000 Stake in BorgWarner Inc. (NYSE:BWA)

Alpha Omega Wealth Management LLC boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,599 shares of the auto parts company’s stock after purchasing an additional 350 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in BorgWarner were worth $602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverview Trust Co acquired a new stake in BorgWarner in the 1st quarter worth about $30,000. LRI Investments LLC raised its position in shares of BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after buying an additional 913 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of BorgWarner in the 2nd quarter valued at approximately $32,000. Olistico Wealth LLC acquired a new position in shares of BorgWarner in the 2nd quarter valued at approximately $35,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of BorgWarner by 12,144.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after buying an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Up 0.9 %

BWA traded up $0.30 during trading on Friday, reaching $35.13. 1,898,438 shares of the company’s stock were exchanged, compared to its average volume of 2,825,009. BorgWarner Inc. has a one year low of $29.51 and a one year high of $40.76. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $8.00 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. The firm has a fifty day moving average price of $33.33 and a two-hundred day moving average price of $33.81.

BorgWarner (NYSE:BWA) last posted 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 for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the firm posted $1.35 EPS. The company’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 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. Investors 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 dividend on an annualized basis and a dividend yield of 1.25%. BorgWarner’s payout ratio is presently 16.67%.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 2,066 shares of the business’s 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 transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Tonit M. Calaway sold 10,868 shares of the business’s 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 transaction, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BWA has been the subject of several analyst reports. Bank of America dropped their target price on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $36.00 target price on shares of BorgWarner in a research report on Tuesday, September 10th. Citigroup dropped their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. UBS Group boosted their target price on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird upped their price objective 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.20.

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.