LRI Investments LLC Has $31,000 Holdings in BorgWarner Inc. (NYSE:BWA)

LRI Investments LLC increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 1,515.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 969 shares of the auto parts company’s stock after acquiring an additional 909 shares during the period. LRI Investments LLC’s holdings in BorgWarner were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner during the 4th quarter worth approximately $45,000. Avior Wealth Management LLC boosted its position in shares of BorgWarner by 31.3% during the 4th 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 in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of BorgWarner during the 4th quarter worth approximately $48,000. Quarry LP boosted its position in BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company’s stock valued at $58,000 after buying an additional 959 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in BorgWarner in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Up 1.6%

BWA opened at $33.15 on Wednesday. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.28 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a fifty day moving average price of $28.28 and a two-hundred day moving average price of $30.91.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results 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. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is currently 35.20%.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research analyst reports. Barclays cut their target price 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. Morgan Stanley cut their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Robert W. Baird lifted their target price on shares of BorgWarner from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.47.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at $7,284,667.99. The trade was a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated 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 directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,036 shares of company stock valued at $1,851,114. Corporate insiders own 0.45% of the company’s stock.

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.