100,000 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Lodge Hill Capital LLC

Lodge Hill Capital LLC purchased a new stake in BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 100,000 shares of the auto parts company’s stock, valued at approximately $3,224,000. BorgWarner makes up approximately 0.9% of Lodge Hill Capital LLC’s portfolio, making the stock its 21st largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of BWA. Riverview Trust Co purchased a new position in shares of BorgWarner in the first quarter worth approximately $30,000. LRI Investments LLC grew its position in BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new position in BorgWarner during the 2nd quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in BorgWarner during the 2nd quarter valued at $35,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of BorgWarner by 12,144.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup dropped their price target on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Barclays upped their target price on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $36.00 price objective on shares of BorgWarner in a research report on Tuesday, September 10th. Finally, Bank of America cut their target price on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $41.07.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $33.40 on Friday. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 0.87 and a beta of 1.20. The firm’s 50-day moving average price is $32.87 and its two-hundred day moving average price is $33.59. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $41.50.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the company earned $1.35 EPS. BorgWarner’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, equities analysts predict that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is currently 16.67%.

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.