Sage Rhino Capital LLC Invests $235,000 in BorgWarner Inc. (NYSE:BWA)

Sage Rhino Capital LLC bought a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,202 shares of the auto parts company's stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWA. Alps Advisors Inc. boosted its holdings in BorgWarner by 7.7% in the 1st quarter. Alps Advisors Inc. now owns 214,673 shares of the auto parts company's stock worth $6,150,000 after buying an additional 15,436 shares during the period. Allworth Financial LP boosted its holdings in BorgWarner by 123.1% in the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock worth $41,000 after buying an additional 793 shares during the period. MainStreet Investment Advisors LLC boosted its holdings in BorgWarner by 13.8% in the 1st quarter. MainStreet Investment Advisors LLC now owns 7,676 shares of the auto parts company's stock worth $220,000 after buying an additional 930 shares during the period. Nisa Investment Advisors LLC boosted its holdings in BorgWarner by 12.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 78,955 shares of the auto parts company's stock worth $2,262,000 after buying an additional 8,624 shares during the period. Finally, Twelve Points Wealth Management LLC boosted its holdings in BorgWarner by 14.4% in the 1st quarter. Twelve Points Wealth Management LLC now owns 62,069 shares of the auto parts company's stock worth $1,778,000 after buying an additional 7,825 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BWA. Wells Fargo & Company raised their price target on shares of BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Guggenheim cut 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. Piper Sandler reissued an "overweight" rating and issued a $37.00 price target (up from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Robert W. Baird raised their price target on shares of BorgWarner from $32.00 to $39.00 and gave the company a "neutral" rating in a report on Friday. Finally, UBS Group raised their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Activity

In related news, 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 transaction of $166,250.00. Following the sale, the vice president owned 63,445 shares of the company's stock, valued at $2,109,546.25. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tonit M. Calaway sold 27,736 shares of the company'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 completion of the transaction, the executive vice president owned 214,521 shares in the company, valued at approximately $7,042,724.43. This represents a 11.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

BorgWarner Trading Down 1.2%

Shares of BWA traded down $0.42 during trading hours on Friday, reaching $35.40. 1,489,402 shares of the company traded hands, compared to its average volume of 2,712,985. The company's fifty day moving average price is $33.17 and its two-hundred day moving average price is $30.81. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth 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 Inc. has a 12 month low of $24.40 and a 12 month high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. The firm had revenue of $3.52 billion for 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 company's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. Equities research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal 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 paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.24%. BorgWarner's 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.