AMG National Trust Bank Boosts Stake in BorgWarner Inc. (NYSE:BWA)

AMG National Trust Bank raised its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 137.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,246 shares of the auto parts company's stock after buying an additional 29,079 shares during the period. AMG National Trust Bank's holdings in BorgWarner were worth $1,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in BorgWarner in the fourth quarter valued at $62,180,000. Bank of America Corp DE increased its stake in BorgWarner by 91.9% during the fourth quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company's stock valued at $123,311,000 after purchasing an additional 1,857,907 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in BorgWarner by 8,137.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company's stock valued at $41,297,000 after purchasing an additional 1,283,287 shares during the last quarter. Principal Financial Group Inc. increased its stake in BorgWarner by 338.5% during the first quarter. Principal Financial Group Inc. now owns 1,085,149 shares of the auto parts company's stock valued at $31,090,000 after purchasing an additional 837,668 shares during the last quarter. Finally, LSV Asset Management increased its stake in BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after purchasing an additional 792,100 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Trading Up 0.3%

Shares of BWA stock traded up $0.11 on Tuesday, hitting $35.49. The company had a trading volume of 623,119 shares, compared to its average volume of 2,680,299. The firm has a market cap of $7.80 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.54 and a beta of 1.09. The stock's 50-day moving average is $33.67 and its two-hundred day moving average is $30.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97. 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 announced its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.13. The company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.24%. BorgWarner's dividend payout ratio is presently 35.20%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BWA. Robert W. Baird upped their price target on shares of BorgWarner from $32.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of BorgWarner from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Bank of America upped their price target on shares of BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a report on Monday, June 16th. Piper Sandler reiterated an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Finally, Wells Fargo & Company upped their target price on BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.07.

Insider Activity

In other news, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 214,521 shares of the company's stock, valued at approximately $7,042,724.43. This represents a 11.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, the vice president directly owned 63,445 shares of the company's stock, valued at $2,109,546.25. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company's stock.

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.