34,814 Shares in BorgWarner Inc. (NYSE:BWA) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in 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 firm acquired 34,814 shares of the auto parts company's stock, valued at approximately $997,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global X Japan Co. Ltd. grew its stake in shares of BorgWarner by 133.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after buying an additional 523 shares in the last quarter. LRI Investments LLC grew its stake in shares of BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after buying an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner in the 4th quarter worth $45,000. Allworth Financial LP boosted its stake in shares of BorgWarner by 123.1% during the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock worth $41,000 after purchasing an additional 793 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in BorgWarner during the 4th quarter valued at about $48,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Down 0.1%

NYSE:BWA traded down $0.05 during midday trading on Friday, reaching $35.98. 1,479,078 shares of the stock traded hands, compared to its average volume of 1,734,609. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $37.29. The business has a 50-day moving average of $33.95 and a two-hundred day moving average of $31.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97. The stock has a market capitalization of $7.91 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.

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, beating analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The company 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 company posted $1.03 earnings per share. BorgWarner's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.22%. BorgWarner's payout ratio is currently 35.20%.

Wall Street Analyst Weigh In

BWA has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. UBS Group upped their target price on BorgWarner from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised BorgWarner from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Guggenheim cut their target price on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Piper Sandler reissued an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of BorgWarner in a research report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and an average price target of $39.07.

Insiders Place Their Bets

In related news, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction 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 sale, the vice president directly owned 63,445 shares of the company's stock, valued at approximately $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction dated 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 sale, the executive vice president owned 214,521 shares in the company, valued at approximately $7,042,724.43. This trade represents a 11.45% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

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.