BorgWarner Inc. (NYSE:BWA) Position Trimmed by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 16.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,001 shares of the auto parts company's stock after selling 9,976 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in BorgWarner were worth $1,404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BWA. Elevation Point Wealth Partners LLC grew its position in BorgWarner by 56.7% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 96,526 shares of the auto parts company's stock valued at $2,765,000 after buying an additional 34,946 shares during the last quarter. Alpha Omega Wealth Management LLC raised its stake in shares of BorgWarner by 59.8% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 25,190 shares of the auto parts company's stock worth $722,000 after buying an additional 9,427 shares during the last quarter. CX Institutional acquired a new position in shares of BorgWarner during the 1st quarter worth $98,000. Yousif Capital Management LLC raised its stake in shares of BorgWarner by 157.3% during the 1st quarter. Yousif Capital Management LLC now owns 88,879 shares of the auto parts company's stock worth $2,546,000 after buying an additional 54,333 shares during the last quarter. Finally, Tounjian Advisory Partners LLC acquired a new position in shares of BorgWarner during the 1st quarter worth $1,476,000. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Stock Performance

NYSE BWA traded down $0.25 on Friday, hitting $35.29. The stock had a trading volume of 1,005,505 shares, compared to its average volume of 2,725,826. BorgWarner Inc. has a one year low of $24.40 and a one year high of $37.29. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 1.55 and a beta of 1.09. The company's 50-day moving average is $32.51 and its two-hundred day moving average is $30.70.

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

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. UBS Group lifted their target price on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Piper Sandler restated an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Friday, March 7th. Finally, The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and lifted their target price for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $37.53.

Insider Activity at BorgWarner

In other news, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the transaction, the executive vice president directly owned 214,521 shares in the company, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the 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 completion of the transaction, the vice president owned 63,445 shares of the company's stock, valued at $2,109,546.25. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

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.