92,018 Shares in BorgWarner Inc. (NYSE:BWA) Bought by Albar Capital Partners LLP

Albar Capital Partners LLP bought a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 92,018 shares of the auto parts company's stock, valued at approximately $2,925,000. BorgWarner makes up 0.7% of Albar Capital Partners LLP's portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the 4th quarter valued at $45,000. Avior Wealth Management LLC boosted its holdings in shares of BorgWarner by 31.3% in 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 bought a new stake in BorgWarner during the 4th quarter worth approximately $48,000. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner during the 3rd quarter valued at $62,000. Finally, Quarry LP raised its position in BorgWarner by 110.6% in the 4th quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after purchasing an additional 959 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

BorgWarner Stock Up 4.4 %

Shares of NYSE:BWA traded up $1.27 during midday trading on Wednesday, reaching $30.27. 1,606,387 shares of the company were exchanged, compared to its average volume of 2,745,552. The firm has a market cap of $6.65 billion, a PE ratio of 21.17, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23. The stock has a fifty day simple moving average of $28.01 and a two-hundred day simple moving average of $30.99.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.14. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. During the same period last year, the business earned $1.03 EPS. The company's quarterly revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.45%. BorgWarner's payout ratio is 30.77%.

Insider Activity at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BWA. The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and raised their target price for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Finally, Guggenheim decreased their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

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.