Nisa Investment Advisors LLC Has $2.26 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Nisa Investment Advisors LLC grew its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,955 shares of the auto parts company's stock after buying an additional 8,624 shares during the period. Nisa Investment Advisors LLC's holdings in BorgWarner were worth $2,262,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BWA. Global X Japan Co. Ltd. raised its position in shares of BorgWarner by 133.4% during the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 523 shares in the last quarter. LRI Investments LLC raised its holdings in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner in the 4th quarter worth about $45,000. Golden State Wealth Management LLC boosted its holdings in shares of 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 buying an additional 1,371 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of BorgWarner during the 4th quarter valued at about $48,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWA. Bank of America raised their target price on shares of BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Barclays reduced 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. BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Tuesday, March 18th. Guggenheim reduced their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group upped their price target on shares of BorgWarner from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, BorgWarner has an average rating of "Moderate Buy" and a consensus target price of $38.36.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.27 during trading on Monday, reaching $35.68. The company had a trading volume of 1,477,445 shares, compared to its average volume of 2,998,177. The firm's fifty day moving average is $33.17 and its 200 day moving average is $30.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97. The firm has a market capitalization of $7.84 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.09. 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 released its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.23%. BorgWarner's payout ratio is currently 35.20%.

Insider Activity

In related news, VP Isabelle Mckenzie sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the vice president directly owned 63,445 shares in the company, 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 filing with the SEC, which is available at the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by 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.