Biechele Royce Advisors Has $6.24 Million Holdings in BorgWarner Inc. (BWA)

Biechele Royce Advisors lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,556 shares of the auto parts company’s stock after acquiring an additional 2,070 shares during the period. BorgWarner makes up 4.0% of Biechele Royce Advisors’ holdings, making the stock its 11th biggest holding. Biechele Royce Advisors owned 0.08% of BorgWarner worth $6,244,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mengis Capital Management Inc. boosted its stake in BorgWarner by 2.9% in the fourth quarter. Mengis Capital Management Inc. now owns 8,870 shares of the auto parts company’s stock valued at $308,000 after acquiring an additional 250 shares during the last quarter. First Bank & Trust boosted its stake in BorgWarner by 7.2% in the fourth quarter. First Bank & Trust now owns 4,196 shares of the auto parts company’s stock valued at $146,000 after acquiring an additional 282 shares during the last quarter. IFP Advisors Inc boosted its stake in BorgWarner by 24.1% in the fourth quarter. IFP Advisors Inc now owns 2,010 shares of the auto parts company’s stock valued at $69,000 after acquiring an additional 390 shares during the last quarter. American International Group Inc. boosted its stake in BorgWarner by 0.4% in the fourth quarter. American International Group Inc. now owns 105,084 shares of the auto parts company’s stock valued at $3,651,000 after acquiring an additional 406 shares during the last quarter. Finally, Triad Investment Management boosted its stake in BorgWarner by 0.8% in the first quarter. Triad Investment Management now owns 56,432 shares of the auto parts company’s stock valued at $2,168,000 after acquiring an additional 443 shares during the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

BorgWarner stock opened at $38.58 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.27 and a current ratio of 1.62. The company has a market cap of $7.90 billion, a P/E ratio of 8.61, a PEG ratio of 1.26 and a beta of 1.74. BorgWarner Inc. has a 1-year low of $32.46 and a 1-year high of $53.28.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.47 billion. BorgWarner had a net margin of 8.39% and a return on equity of 21.64%. BorgWarner’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. Research analysts expect that BorgWarner Inc. will post 4.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, May 31st. BorgWarner’s payout ratio is 15.18%.

In other news, Director Thomas T. Stallkamp sold 6,260 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $42.00, for a total value of $262,920.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas T. Stallkamp sold 3,124 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $42.00, for a total transaction of $131,208.00. Following the completion of the transaction, the director now directly owns 4,033 shares in the company, valued at approximately $169,386. The disclosure for this sale can be found here. Insiders sold a total of 29,784 shares of company stock worth $1,230,456 in the last three months. Insiders own 0.75% of the company’s stock.

A number of research analysts have weighed in on the stock. Bank of America reiterated a “neutral” rating and issued a $46.00 target price (up from $42.00) on shares of BorgWarner in a research note on Tuesday, April 23rd. Robert W. Baird upgraded shares of BorgWarner to a “top pick” rating in a research note on Friday, February 15th. Zacks Investment Research cut shares of BorgWarner from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Morgan Stanley set a $53.00 price target on shares of BorgWarner and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, ValuEngine cut shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.83.

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About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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