Penserra Capital Management LLC Has $549,000 Stock Position in BorgWarner Inc. (NYSE:BWA)

Penserra Capital Management LLC boosted its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 3,367.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,176 shares of the auto parts company's stock after acquiring an additional 18,623 shares during the quarter. Penserra Capital Management LLC's holdings in BorgWarner were worth $549,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. increased 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 purchasing an additional 523 shares during the period. LRI Investments LLC increased its position 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 valued at $31,000 after purchasing an additional 909 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of BorgWarner during the 4th quarter valued at $45,000. Kapitalo Investimentos Ltda acquired a new position in shares of BorgWarner during the 4th quarter valued at $48,000. Finally, Golden State Wealth Management LLC increased its position in shares of BorgWarner by 596.1% during 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 purchasing an additional 1,371 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Up 0.7%

Shares of NYSE:BWA traded up $0.27 on Monday, reaching $35.68. The company had a trading volume of 1,447,496 shares, compared to its average volume of 2,707,928. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29. The stock has a 50-day moving average price of $33.17 and a 200 day moving average price of $30.80. The stock has a market capitalization of $7.84 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly 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. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The company had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business's quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. BorgWarner's dividend payout ratio is presently 35.20%.

Insider Activity

In related news, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction dated 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 directly owned 214,521 shares in the company, valued at $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president owned 63,445 shares in the company, valued at $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on BorgWarner from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday. Piper Sandler restated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Barclays lowered their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group upgraded 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. Finally, Wall Street Zen upgraded BorgWarner from a "buy" rating to a "strong-buy" rating in a report on Saturday. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.36.

BorgWarner 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.