Point72 Hong Kong Ltd Takes Position in BorgWarner Inc. (NYSE:BWA)

Point72 Hong Kong Ltd bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 15,861 shares of the auto parts company’s stock, valued at approximately $511,000.

Several other institutional investors have also recently made changes to their positions in BWA. Riverview Trust Co purchased a new position in shares of BorgWarner during the 1st quarter valued at approximately $30,000. LRI Investments LLC increased its holdings in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in BorgWarner in the 2nd quarter worth $32,000. Olistico Wealth LLC purchased a new stake in BorgWarner in the 2nd quarter worth $35,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in BorgWarner by 12,144.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group boosted their price target on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Bank of America cut their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $36.00 target price on shares of BorgWarner in a report on Tuesday, September 10th. Finally, Wells Fargo & Company dropped their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.07.

Insider Buying and Selling at BorgWarner

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

BorgWarner Trading Up 3.7 %

Shares of BWA stock opened at $35.80 on Friday. The company’s 50-day moving average price is $32.95 and its 200-day moving average price is $33.67. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.94 and a beta of 1.20. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $41.06.

BorgWarner (NYSE:BWA) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating 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 company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. BorgWarner’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, equities analysts predict that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.23%. BorgWarner’s payout ratio is currently 16.67%.

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.