Alps Advisors Inc. Acquires 15,436 Shares of BorgWarner Inc. (NYSE:BWA)

Alps Advisors Inc. lifted its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,673 shares of the auto parts company's stock after purchasing an additional 15,436 shares during the period. Alps Advisors Inc. owned 0.10% of BorgWarner worth $6,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global X Japan Co. Ltd. raised its stake in BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after buying an additional 523 shares in the last quarter. LRI Investments LLC grew its holdings in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after acquiring 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 approximately $45,000. Allworth Financial LP lifted its stake in shares of BorgWarner by 123.1% in the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock valued at $41,000 after purchasing an additional 793 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of BorgWarner in the 4th quarter valued at approximately $48,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWA has been the subject of a number of research reports. Wall Street Zen upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Robert W. Baird increased their price target on shares of BorgWarner from $32.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday. Wells Fargo & Company lifted their price target on shares of BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Bank of America upped their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, June 16th. 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 note on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Insider Activity 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 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. The trade was a 7.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

BorgWarner Stock Down 1.2%

Shares of BWA stock traded down $0.42 during mid-day trading on Friday, hitting $35.40. The company's stock had a trading volume of 1,489,402 shares, compared to its average volume of 2,711,447. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.57 and a beta of 1.09. 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 52-week low of $24.40 and a 52-week high of $37.29. The business has a 50-day moving average price of $33.17 and a 200 day moving average price of $30.82.

BorgWarner (NYSE:BWA - Get Free Report) last issued 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 business 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%. BorgWarner's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Research analysts predict 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. Investors of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.24%. BorgWarner's dividend payout ratio is currently 35.20%.

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.