Twelve Points Wealth Management LLC Acquires 6,262 Shares of BorgWarner Inc. (NYSE:BWA)

Twelve Points Wealth Management LLC grew its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 16.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,058 shares of the auto parts company’s stock after buying an additional 6,262 shares during the period. Twelve Points Wealth Management LLC’s holdings in BorgWarner were worth $1,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Matrix Trust Co purchased a new position in BorgWarner during the 3rd quarter valued at $25,000. Riverview Trust Co purchased a new position in shares of BorgWarner during the first quarter valued at about $30,000. LRI Investments LLC raised its stake in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after buying an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in BorgWarner in the second quarter worth about $32,000. Finally, Olistico Wealth LLC bought a new stake in BorgWarner during the 2nd quarter valued at approximately $35,000. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

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 stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The trade was a 0.00 % 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 company insiders.

BorgWarner Stock Up 0.2 %

BWA stock opened at $35.04 on Thursday. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The business’s 50-day moving average is $33.67 and its two-hundred day moving average is $33.90. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $39.97.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.18. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 EPS. As a group, analysts forecast that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup decreased their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Wolfe Research assumed coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Robert W. Baird increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company dropped their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.31.

About BorgWarner

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.