Sherbrooke Park Advisers LLC Acquires Shares of 9,987 BorgWarner Inc. (NYSE:BWA)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in BorgWarner by 4.0% during the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after acquiring an additional 595 shares in the last quarter. Norges Bank acquired a new position in BorgWarner during the fourth quarter valued at approximately $62,180,000. State of Alaska Department of Revenue grew its holdings in BorgWarner by 96.3% during the fourth 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 purchasing an additional 25,475 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in BorgWarner during the fourth quarter valued at approximately $1,197,000. Finally, AIA Group Ltd acquired a new position in BorgWarner during the fourth quarter valued at approximately $1,599,000. Institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on BWA shares. Evercore ISI lowered their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Wall Street Zen upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Friday, March 7th. Robert W. Baird increased their price target on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.73.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. The trade was a 3.31% 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 valued at $2,017,364 over the last ninety days. 0.63% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of BorgWarner stock traded down $0.28 during midday trading on Friday, hitting $32.68. The company had a trading volume of 2,254,294 shares, compared to its average volume of 2,767,321. The business's 50 day simple moving average is $28.93 and its two-hundred day simple moving average is $30.86. The stock has a market cap of $7.18 billion, a PE ratio of 22.85, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 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 analysts' expectations of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. BorgWarner's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. As a group, equities analysts predict 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. Investors of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. BorgWarner's dividend payout ratio (DPR) is currently 35.20%.

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.