Sherbrooke Park Advisers LLC Invests $317,000 in BorgWarner Inc. (NYSE:BWA)

Sherbrooke Park Advisers LLC purchased a new position in BorgWarner Inc. (NYSE:BWA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,987 shares of the auto parts company's stock, valued at approximately $317,000.

A number of other large investors also recently bought and sold shares of the business. Avior Wealth Management LLC increased its position in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after buying an additional 381 shares during the last quarter. Norinchukin Bank The lifted its position in BorgWarner by 4.4% during the fourth quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock valued at $302,000 after purchasing an additional 402 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of 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 valued at $1,537,000 after acquiring an additional 450 shares during the period. Finally, Blackston Financial Advisory Group LLC raised its holdings in BorgWarner by 8.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 6,404 shares of the auto parts company's stock valued at $204,000 after acquiring an additional 490 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Up 0.7%

BWA stock traded up $0.22 during trading on Thursday, hitting $32.93. 2,298,012 shares of the company's stock were exchanged, compared to its average volume of 2,762,126. The business has a 50-day moving average price of $28.77 and a two-hundred day moving average price of $30.90. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.77 and a beta of 1.08. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29.

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, beating analysts' consensus estimates of $0.98 by $0.13. The firm 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 quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.34%. BorgWarner's payout ratio is 35.20%.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm'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 value of $166,250.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,036 shares of company stock worth $2,017,364 in the last 90 days. Company insiders own 0.63% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BWA. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Tuesday, March 18th. UBS Group upped their target price on shares of BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Guggenheim decreased their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. 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 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.