BorgWarner Inc. (NYSE:BWA) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 184.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,923 shares of the auto parts company’s stock after buying an additional 14,873 shares during the period. Entropy Technologies LP’s holdings in BorgWarner were worth $796,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BWA. Sound Income Strategies LLC bought a new stake in BorgWarner during the fourth quarter worth approximately $32,000. Bruce G. Allen Investments LLC bought a new stake in BorgWarner during the fourth quarter worth approximately $33,000. Raymond James Trust N.A. boosted its holdings in BorgWarner by 4.1% during the fourth quarter. Raymond James Trust N.A. now owns 10,137 shares of the auto parts company’s stock worth $363,000 after buying an additional 401 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in BorgWarner during the fourth quarter worth approximately $374,000. Finally, Parkside Investments LLC boosted its holdings in BorgWarner by 28.7% during the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after buying an additional 43,955 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of BorgWarner from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Barclays raised their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Citigroup decreased their price objective on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. TD Cowen raised their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.19.

BorgWarner Stock Up 2.0 %

Shares of NYSE:BWA traded up $0.70 during trading on Thursday, reaching $34.88. 139,350 shares of the company traded hands, compared to its average volume of 2,833,693. The firm has a fifty day simple moving average of $34.27 and a 200 day simple moving average of $33.57. The firm has a market cap of $7.95 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.91 and a beta of 1.22. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $46.80. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. BorgWarner’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. Analysts anticipate that BorgWarner Inc. will post 4.05 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

BorgWarner announced that its board has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to buy up to 6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.