9,157 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Marshall Wace LLP

Marshall Wace LLP purchased a new position in BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,157 shares of the auto parts company’s stock, valued at approximately $295,000.

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

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the company’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 value of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on BWA. JPMorgan Chase & Co. lifted their price target on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. The Goldman Sachs Group reduced their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Barclays lifted their price target 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 shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Finally, Citigroup reduced their price objective on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $35.05 on Friday. BorgWarner Inc. has a one year low of $29.51 and a one year high of $39.97. The company has a market cap of $7.99 billion, a PE ratio of 13.28, a P/E/G ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The business has a 50-day simple moving average of $33.47 and a 200-day simple moving average of $33.89.

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 the consensus estimate of $1.01 by $0.18. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 earnings per share. On average, equities research analysts forecast that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is currently 16.67%.

About BorgWarner

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.