BorgWarner Inc. (NYSE:BWA) Holdings Lifted by Amalgamated Bank

Amalgamated Bank grew its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 57.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,088 shares of the auto parts company's stock after purchasing an additional 24,132 shares during the period. Amalgamated Bank's holdings in BorgWarner were worth $1,893,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. 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 valued at $26,000 after purchasing an additional 523 shares during the last quarter. LRI Investments LLC raised its stake in BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 909 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in BorgWarner in the 4th quarter valued at about $45,000. Golden State Wealth Management LLC raised its stake in BorgWarner by 596.1% in the 1st quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in BorgWarner in the 4th quarter valued at about $48,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on BWA shares. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Tuesday, March 18th. Piper Sandler restated an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. UBS Group upped their price target on BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and increased their target price for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.53.

BorgWarner Stock Performance

BWA stock traded up $0.35 during trading on Tuesday, hitting $35.19. 2,107,052 shares of the company's stock traded hands, compared to its average volume of 2,715,703. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29. The stock has a fifty day moving average price of $32.64 and a two-hundred day moving average price of $30.70. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.

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

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.25%. BorgWarner's dividend payout ratio is presently 35.20%.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of the firm'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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the transaction, the executive vice president directly owned 214,521 shares in the company, 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. 0.45% of the stock is owned by company insiders.

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.