Horst & Graben Wealth Management LLC Takes $254,000 Position in BorgWarner Inc. (NYSE:BWA)

Horst & Graben Wealth Management LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,853 shares of the auto parts company's stock, valued at approximately $254,000.

A number of other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in shares of BorgWarner by 64.6% during the fourth quarter. Jones Financial Companies Lllp now owns 24,976 shares of the auto parts company's stock worth $794,000 after purchasing an additional 9,799 shares during the period. Proficio Capital Partners LLC acquired a new stake in BorgWarner in the fourth quarter valued at $1,197,000. Arizona State Retirement System lifted its stake in shares of BorgWarner by 0.8% in the fourth quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company's stock valued at $2,101,000 after purchasing an additional 498 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BorgWarner during the 4th quarter valued at approximately $3,860,000. Finally, Machina Capital S.A.S. raised its holdings in BorgWarner by 88.8% during the fourth quarter. Machina Capital S.A.S. now owns 22,983 shares of the auto parts company's stock worth $731,000 after purchasing an additional 10,810 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Trading Up 1.3%

Shares of BWA stock traded up $0.45 on Thursday, reaching $35.82. 1,658,181 shares of the stock were exchanged, compared to its average volume of 2,711,272. The stock has a market cap of $7.87 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $32.91 and a two-hundred day moving average of $30.77. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29.

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

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.23%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Insider Buying and Selling at BorgWarner

In other news, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction dated 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 owned 214,521 shares in the company, valued at approximately $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president owned 63,445 shares of the company's stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on BWA. Robert W. Baird lifted their price target on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. The Goldman Sachs Group upgraded 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 report on Thursday, April 10th. Guggenheim cut their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Barclays cut their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.53.

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.