Dark Forest Capital Management LP Takes $389,000 Position in BorgWarner Inc. (NYSE:BWA)

Dark Forest Capital Management LP bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, Holdings Channel reports. The fund bought 12,063 shares of the auto parts company’s stock, valued at approximately $389,000.

Several other large investors also recently modified their holdings of BWA. Point72 Asset Management L.P. grew its stake in shares of BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after acquiring an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after purchasing an additional 1,640,503 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in BorgWarner by 43.5% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 2,213,630 shares of the auto parts company’s stock worth $79,359,000 after purchasing an additional 670,720 shares in the last quarter. Earnest Partners LLC grew its stake in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after purchasing an additional 669,137 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in BorgWarner by 86.0% in the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after purchasing an additional 652,097 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BorgWarner

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

BorgWarner Price Performance

NYSE BWA opened at $36.75 on Friday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $41.06. 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 capitalization of $8.37 billion, a PE ratio of 13.92, a P/E/G ratio of 0.94 and a beta of 1.20. The company’s 50 day simple moving average is $33.03 and its 200 day simple moving average is $33.71.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data 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 business had revenue of $3.60 billion for 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 business’s revenue for the quarter was down 20.3% on a year-over-year basis. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.20%. BorgWarner’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

A number of equities analysts recently commented on BWA shares. Bank of America decreased their price target on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. UBS Group raised their target price on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Barclays raised their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $36.00 target price on shares of BorgWarner in a report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.07.

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.