Islay Capital Management LLC Takes $729,000 Position in BorgWarner Inc. (NYSE:BWA)

Islay Capital Management LLC purchased a new position in BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,939 shares of the auto parts company's stock, valued at approximately $729,000.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in BorgWarner during the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner during the third quarter worth approximately $62,000. Principal Securities Inc. boosted its holdings in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after acquiring an additional 720 shares during the period. Finally, TD Private Client Wealth LLC raised its position in BorgWarner by 126.2% in the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company's stock valued at $76,000 after purchasing an additional 1,326 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Down 5.8 %

Shares of NYSE BWA traded down $1.57 during midday trading on Thursday, hitting $25.32. The stock had a trading volume of 1,373,549 shares, compared to its average volume of 2,794,491. The company has a fifty day moving average price of $28.96 and a 200 day moving average price of $32.01. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

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BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.74%. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

BWA has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $31.00 to $34.00 in a research note on Thursday. Guggenheim set a $38.00 target price on shares of BorgWarner in a report on Wednesday, March 5th. Finally, Piper Sandler lowered their price target on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.56.

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.