Alpha Omega Wealth Management LLC Has $602,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Alpha Omega Wealth Management LLC boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,599 shares of the auto parts company’s stock after buying an additional 350 shares during the period. Alpha Omega Wealth Management LLC’s holdings in BorgWarner were worth $602,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in shares of BorgWarner in the first quarter valued at about $30,000. LRI Investments LLC raised its holdings in shares of BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner in the second quarter valued at about $32,000. Olistico Wealth LLC purchased a new stake in shares of BorgWarner in the second quarter valued at about $35,000. Finally, Whittier Trust Co. of Nevada Inc. raised 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 during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $36.00 target price on shares of BorgWarner in a report on Tuesday, September 10th. Robert W. Baird increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America reduced their price target 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

BorgWarner Stock Performance

NYSE:BWA traded up $0.30 on Friday, reaching $35.13. 1,898,438 shares of the company’s stock were exchanged, compared to its average volume of 2,825,009. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.94 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $40.76. The stock has a fifty day simple moving average of $33.33 and a 200-day simple moving average of $33.81.

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

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a $0.11 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.25%. BorgWarner’s dividend payout ratio (DPR) is currently 16.67%.

Insider Activity

In other news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Tonit M. Calaway sold 10,868 shares of the firm’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 value of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the sale, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

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.