CHICAGO TRUST Co NA Purchases 10,716 Shares of BorgWarner Inc. (NYSE:BWA)

CHICAGO TRUST Co NA increased its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 26.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 51,381 shares of the auto parts company's stock after buying an additional 10,716 shares during the period. CHICAGO TRUST Co NA's holdings in BorgWarner were worth $1,472,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of BorgWarner by 49.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,022 shares of the auto parts company's stock valued at $838,000 after buying an additional 8,613 shares in the last quarter. Choreo LLC acquired a new position in shares of BorgWarner in the 4th quarter valued at approximately $1,021,000. State of Alaska Department of Revenue raised its position in shares of BorgWarner by 96.3% in the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock valued at $1,650,000 after buying an additional 25,475 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in BorgWarner by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock worth $1,537,000 after purchasing an additional 450 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in BorgWarner during the 4th quarter worth approximately $7,995,000. Institutional investors own 95.67% of the company's stock.

Insiders Place Their Bets

In related news, VP Isabelle Mckenzie sold 5,000 shares of the company'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 sale, the vice president now directly owns 63,445 shares of the company's stock, valued at $2,109,546.25. This represents 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 business's 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 transaction, the executive vice president now owns 214,521 shares of the company's stock, valued at $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 owned by insiders.

BorgWarner Price Performance

NYSE BWA opened at $32.31 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The firm's 50 day moving average price is $29.69 and its 200-day moving average price is $30.73. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The company has a market cap of $7.10 billion, a PE ratio of 22.59, a P/E/G ratio of 0.77 and a beta of 1.10.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. The company had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. BorgWarner's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. Sell-side analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BWA shares. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Piper Sandler restated an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Guggenheim decreased their price objective 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. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Finally, Barclays dropped their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.73.

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.

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