Barnes Dennig Private Wealth Management LLC Invests $2.80 Million in BorgWarner Inc. (NYSE:BWA)

Barnes Dennig Private Wealth Management LLC acquired a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 97,879 shares of the auto parts company's stock, valued at approximately $2,804,000. BorgWarner makes up 4.2% of Barnes Dennig Private Wealth Management LLC's portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norinchukin Bank The grew its position in BorgWarner by 4.4% during the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after purchasing an additional 402 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of BorgWarner by 26.1% during the first quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock valued at $56,000 after buying an additional 407 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of BorgWarner by 0.8% during 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 buying an additional 498 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of BorgWarner by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock valued at $3,580,000 after acquiring an additional 501 shares during the period. Finally, Global X Japan Co. Ltd. raised its stake in 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 during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

BWA traded up $1.31 during trading on Tuesday, hitting $34.79. The company's stock had a trading volume of 2,917,369 shares, compared to its average volume of 2,721,661. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 1.48 and a beta of 1.10. The business's fifty day simple moving average is $31.91 and its 200 day simple moving average is $30.61. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. The firm had revenue of $3.52 billion for 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 business's revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. On average, equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.26%. BorgWarner's dividend payout ratio is presently 35.20%.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the transaction, the vice president owned 63,445 shares of the company's stock, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of the firm's 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. This trade represents a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Morgan Stanley cut their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Wall Street Zen upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Piper Sandler reiterated an "overweight" rating and issued a $37.00 price objective (up previously from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. Finally, Barclays decreased their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, BorgWarner currently has an average rating of "Moderate Buy" and an average 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.