BorgWarner Inc. (NYSE:BWA) Shares Acquired by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 91.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,681 shares of the auto parts company’s stock after buying an additional 7,472 shares during the period. Alpha Omega Wealth Management LLC’s holdings in BorgWarner were worth $545,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in BorgWarner during the 4th quarter valued at about $30,000. Riverview Trust Co acquired a new position in BorgWarner during the 1st quarter valued at about $30,000. Sound Income Strategies LLC acquired a new position in BorgWarner during the 4th quarter valued at about $32,000. Bruce G. Allen Investments LLC acquired a new position in BorgWarner during the 4th quarter valued at about $33,000. Finally, Trust Co. of Vermont boosted its stake in BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 980 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on BWA shares. Oppenheimer boosted their target price on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Barclays boosted their price target on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Wells Fargo & Company dropped their price target on shares of BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup boosted their price target on shares of BorgWarner from $33.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Finally, Piper Sandler initiated coverage on shares of BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.71.

BorgWarner Trading Up 0.8 %

Shares of BWA stock traded up $0.24 during trading hours on Friday, reaching $32.24. 4,686,839 shares of the stock traded hands, compared to its average volume of 3,199,746. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $50.04. The business has a fifty day moving average price of $34.81 and a 200 day moving average price of $33.84. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $7.35 billion, a PE ratio of 12.21, a PEG ratio of 0.78 and a beta of 1.28.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that BorgWarner Inc. will post 4.05 EPS for the current year.

BorgWarner declared that its Board of Directors has approved a share buyback plan on Thursday, May 2nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 3rd. BorgWarner’s payout ratio is presently 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.