Clark Estates Inc. NY Makes New $1.23 Million Investment in BorgWarner Inc. (NYSE:BWA)

Clark Estates Inc. NY acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 43,000 shares of the auto parts company’s stock, valued at approximately $1,232,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWA. Global X Japan Co. Ltd. increased its stake in shares of BorgWarner by 133.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 523 shares in the last quarter. LRI Investments LLC grew its holdings in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 909 shares during the period. Meeder Asset Management Inc. increased its stake in shares of BorgWarner by 63.5% during the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 539 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of BorgWarner by 123.1% during the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 793 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president directly owned 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the sale, the executive vice president directly owned 214,521 shares of the company’s stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BWA has been the topic of several recent research reports. Wall Street Zen upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Guggenheim dropped their target price on BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Bank of America raised their price target on BorgWarner from $35.00 to $41.00 and gave the company a “buy” rating in a report on Monday, June 16th. UBS Group lifted their price target on BorgWarner from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company upped their price target on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $39.07.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $35.14 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. The business has a 50-day simple moving average of $34.01 and a two-hundred day simple moving average of $31.10. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. BorgWarner’s dividend payout ratio is presently 35.20%.

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.