Ariadne Wealth Management LP Makes New $152,000 Investment in BorgWarner Inc. (NYSE:BWA)

Ariadne Wealth Management LP purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 4,700 shares of the auto parts company’s stock, valued at approximately $152,000.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of BorgWarner during the second quarter worth about $96,000. NewEdge Advisors LLC grew its holdings in BorgWarner by 28.5% during the 2nd quarter. NewEdge Advisors LLC now owns 37,655 shares of the auto parts company’s stock worth $1,214,000 after acquiring an additional 8,361 shares in the last quarter. Creative Planning increased its position in shares of BorgWarner by 4.9% in the 2nd quarter. Creative Planning now owns 26,641 shares of the auto parts company’s stock valued at $859,000 after purchasing an additional 1,246 shares during the last quarter. Algert Global LLC purchased a new stake in shares of BorgWarner in the 2nd quarter valued at approximately $3,107,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of BorgWarner in the 2nd quarter valued at $389,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other BorgWarner news, 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 value of $344,950.32. Following the completion of the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

BorgWarner stock opened at $36.29 on Tuesday. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $40.76. 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 stock’s 50-day moving average is $33.10 and its 200-day moving average is $33.75.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.01 by $0.18. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. BorgWarner’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. Equities analysts anticipate that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BWA shares. Robert W. Baird upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Barclays boosted their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $36.00 price objective on shares of BorgWarner in a research note on Tuesday, September 10th. Finally, Bank of America reduced their target price on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $41.07.

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.