10,412 Shares in BorgWarner Inc. $BWA Acquired by AlphaQuest LLC

AlphaQuest LLC acquired a new stake in BorgWarner Inc. (NYSE:BWA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,412 shares of the auto parts company’s stock, valued at approximately $458,000.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of BorgWarner by 1,133.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock valued at $26,000 after buying an additional 714 shares in the last quarter. Assetmark Inc. grew its stake in BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 364 shares during the last quarter. Addison Advisors LLC increased its holdings in BorgWarner by 1,647.8% during the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 758 shares in the last quarter. Root Financial Partners LLC acquired a new position in BorgWarner during the third quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of BorgWarner in the second quarter valued at about $32,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Up 3.7%

Shares of NYSE:BWA opened at $52.23 on Friday. The stock’s 50-day moving average price is $46.39 and its two-hundred day moving average price is $43.72. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $52.27. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 82.91, a PEG ratio of 1.02 and a beta of 1.09.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, March 2nd. BorgWarner’s payout ratio is presently 107.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Robert W. Baird set a $55.00 price objective on BorgWarner in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $49.00 target price (up from $42.00) on shares of BorgWarner in a report on Monday, December 8th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.31.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the transaction, the vice president owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.