180 Wealth Advisors LLC Sells 1,669 Shares of BorgWarner Inc. (NYSE:BWA)

180 Wealth Advisors LLC lessened its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,985 shares of the auto parts company’s stock after selling 1,669 shares during the period. 180 Wealth Advisors LLC’s holdings in BorgWarner were worth $451,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of BorgWarner by 2.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 63,608 shares of the auto parts company’s stock worth $2,210,000 after purchasing an additional 1,579 shares during the last quarter. Parkside Investments LLC raised its holdings in BorgWarner by 1.3% in the first quarter. Parkside Investments LLC now owns 199,369 shares of the auto parts company’s stock worth $6,926,000 after buying an additional 2,480 shares during the last quarter. Riverview Trust Co bought a new position in shares of BorgWarner in the first quarter worth approximately $30,000. CGN Advisors LLC grew its holdings in shares of BorgWarner by 17.1% during the first quarter. CGN Advisors LLC now owns 35,242 shares of the auto parts company’s stock valued at $1,224,000 after buying an additional 5,134 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of BorgWarner during the first quarter valued at approximately $829,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock traded up $0.26 during trading hours on Friday, reaching $32.26. 546,972 shares of the company traded hands, compared to its average volume of 2,872,695. The firm has a 50-day moving average price of $34.82 and a 200 day moving average price of $33.85. The company has a market cap of $7.35 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $50.04.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.05 earnings per share for the current fiscal year.

BorgWarner declared that its board has authorized a share repurchase program on Thursday, May 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. BorgWarner’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

Several brokerages have commented on BWA. Wells Fargo & Company cut their target price on BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday. TD Cowen lifted their price objective on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Robert W. Baird boosted their target price on BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Oppenheimer raised their price target on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.71.

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.