Ethic Inc. Acquires 4,642 Shares of BorgWarner Inc. (NYSE:BWA)

Ethic Inc. boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,709 shares of the auto parts company’s stock after purchasing an additional 4,642 shares during the quarter. Ethic Inc.’s holdings in BorgWarner were worth $2,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner during the 4th quarter worth about $45,000. Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of BorgWarner during the fourth quarter worth approximately $48,000. Quarry LP boosted its holdings in shares of BorgWarner by 110.6% during the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 959 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in shares of BorgWarner in the fourth quarter valued at approximately $59,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group raised BorgWarner from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. Wells Fargo & Company boosted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Piper Sandler decreased their price target on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Barclays lowered their price target on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Finally, Robert W. Baird boosted their price objective on shares of BorgWarner from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $37.47.

BorgWarner Stock Up 1.8%

NYSE BWA opened at $31.70 on Monday. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23. The business has a fifty day moving average price of $28.13 and a two-hundred day moving average price of $30.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market capitalization of $6.97 billion, a PE ratio of 22.17, a PEG ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. BorgWarner’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. Equities analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.39%. BorgWarner’s dividend payout ratio is 35.20%.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. The trade was a 3.31% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

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.