BorgWarner Inc. (NYSE:BWA) Shares Purchased by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA increased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 26.4% in the first quarter, Holdings Channel reports. The firm owned 51,381 shares of the auto parts company’s stock after buying an additional 10,716 shares during the quarter. CHICAGO TRUST Co NA’s holdings in BorgWarner were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Truist Financial Corp raised its position in BorgWarner by 4.0% during the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after buying an additional 595 shares during the last quarter. Norges Bank purchased a new position in BorgWarner during the 4th quarter worth $62,180,000. State of Alaska Department of Revenue raised its position in BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in BorgWarner during the 4th quarter worth $1,197,000. Finally, AIA Group Ltd purchased a new position in BorgWarner during the 4th quarter worth $1,599,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Up 0.5%

Shares of BWA stock opened at $32.31 on Monday. The stock has a market cap of $7.10 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. BorgWarner Inc. has a one year low of $24.40 and a one year high of $37.29. The stock has a fifty day moving average price of $29.69 and a 200 day moving average price of $30.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. BorgWarner’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. Analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. BorgWarner’s dividend payout ratio (DPR) is presently 35.20%.

Insider Activity

In related news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president now directly owns 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the transaction, the executive vice president now owns 214,521 shares of the company’s stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BWA shares. Guggenheim cut their price target on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company increased their price target on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, May 19th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. Piper Sandler reissued an “overweight” rating and issued a $37.00 price objective (up from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. Finally, Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.73.

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.