13,724 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,724 shares of the auto parts company's stock, valued at approximately $436,000.

Several other institutional investors also recently bought and sold shares of the company. Two Sigma Investments LP boosted its holdings in BorgWarner by 2.4% in the 4th quarter. Two Sigma Investments LP now owns 88,078 shares of the auto parts company's stock worth $2,800,000 after buying an additional 2,078 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its stake in BorgWarner by 7.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company's stock worth $129,664,000 after purchasing an additional 267,250 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in BorgWarner in the 4th quarter worth approximately $317,000. Silvercrest Asset Management Group LLC lifted its stake in BorgWarner by 8.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,439,068 shares of the auto parts company's stock worth $77,538,000 after purchasing an additional 184,001 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in BorgWarner in the 4th quarter worth approximately $158,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

BWA stock traded down $0.21 on Wednesday, hitting $33.39. 473,141 shares of the company's stock traded hands, compared to its average volume of 2,759,575. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 0.77 and a beta of 1.08. The stock has a fifty day moving average of $29.10 and a 200-day moving average of $30.84. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

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

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.32%. BorgWarner's dividend payout ratio is 35.20%.

Insider Transactions at BorgWarner

In related news, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were 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 now owns 214,521 shares in the company, valued at approximately $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the business'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 transaction, the vice president now owns 63,445 shares of the company's stock, valued at approximately $2,109,546.25. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,036 shares of company stock valued at $2,017,364. Company insiders own 0.45% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on BWA. Guggenheim reduced their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird lifted their price target on shares of BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. UBS Group lifted their price target 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. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. Finally, TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.73.

About BorgWarner

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.