Williams Financial LLC Invests $219,000 in BorgWarner Inc. (NYSE:BWA)

Williams Financial LLC acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,311 shares of the auto parts company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of BorgWarner during the 4th quarter worth approximately $46,000. Avantax Advisory Services Inc. lifted its stake in BorgWarner by 5.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 23,135 shares of the auto parts company’s stock valued at $829,000 after buying an additional 1,225 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of BorgWarner by 2.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 232,571 shares of the auto parts company’s stock valued at $7,914,000 after acquiring an additional 4,720 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of BorgWarner during the fourth quarter worth about $1,018,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of BorgWarner by 12.7% in the 4th quarter. Panagora Asset Management Inc. now owns 15,151 shares of the auto parts company’s stock worth $543,000 after acquiring an additional 1,709 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group upped their target price on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on BorgWarner from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America lowered their target price on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Robert W. Baird raised their price target on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $41.07.

BorgWarner Price Performance

Shares of NYSE BWA opened at $32.21 on Friday. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $42.27. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $32.79 and a two-hundred day moving average of $33.53. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.87 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.01 by $0.18. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.35 earnings per share. As a group, analysts expect that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, September 3rd. BorgWarner’s payout ratio is 16.67%.

Insider Activity

In related news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 10,868 shares of the firm’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 transaction of $344,950.32. Following the completion of the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

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.