GAMMA Investing LLC Has $2.84 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

GAMMA Investing LLC grew its position in BorgWarner Inc. (NYSE:BWA) by 1,822.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,244 shares of the auto parts company’s stock after purchasing an additional 94,082 shares during the period. GAMMA Investing LLC’s holdings in BorgWarner were worth $2,843,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC raised its holdings in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 909 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the fourth quarter worth $45,000. Kapitalo Investimentos Ltda acquired a new stake in BorgWarner in the fourth quarter worth $48,000. Versant Capital Management Inc raised its holdings in BorgWarner by 448.5% in the first quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 1,480 shares during the period. Finally, Quarry LP raised its holdings in BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company’s stock worth $58,000 after purchasing an additional 959 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWA has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of BorgWarner from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. The Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. Wall Street Zen upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Finally, Barclays dropped their price objective on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.73.

BorgWarner Stock Down 0.9%

BorgWarner stock opened at $33.39 on Friday. The company has a market cap of $7.34 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29. The company has a fifty day simple moving average of $30.20 and a 200 day simple moving average of $30.75. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

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

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. BorgWarner’s dividend payout ratio (DPR) is presently 35.20%.

Insider Activity

In other news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the transaction, the executive vice president now owns 214,521 shares of the company’s stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the transaction, the vice president now directly owns 63,445 shares of the company’s stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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.