Twelve Points Wealth Management LLC Acquires 7,825 Shares of BorgWarner Inc. (NYSE:BWA)

Twelve Points Wealth Management LLC raised its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,069 shares of the auto parts company's stock after buying an additional 7,825 shares during the quarter. Twelve Points Wealth Management LLC's holdings in BorgWarner were worth $1,778,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BWA. Global X Japan Co. Ltd. increased its holdings 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 buying an additional 523 shares during the period. LRI Investments LLC increased its holdings 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 buying an additional 909 shares during the period. Resona Asset Management Co. Ltd. bought a new position in BorgWarner in the 4th quarter valued at about $45,000. Golden State Wealth Management LLC increased its holdings 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 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 approximately $48,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Down 1.2%

BWA stock traded down $0.42 during midday trading on Friday, reaching $35.40. 1,489,402 shares of the company's stock traded hands, compared to its average volume of 2,712,985. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.56 and a beta of 1.09. The firm's fifty day moving average price is $33.17 and its 200-day moving average price is $30.81.

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

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. BorgWarner's payout ratio is 35.20%.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the 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 transaction, the vice president owned 63,445 shares in the company, valued at $2,109,546.25. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Barclays decreased their price target on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Guggenheim decreased their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.00.

About BorgWarner

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.