Atria Wealth Solutions Inc. Acquires New Position in BorgWarner Inc. (NYSE:BWA)

Posted by Defense World Staff on Sep 19th, 2023

BorgWarner logo Atria Wealth Solutions Inc. acquired a new stake in BorgWarner Inc. (NYSE:BWA – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,998 shares of the auto parts company’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in BorgWarner by 1.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,520 shares of the auto parts company’s stock valued at $1,008,000 after buying an additional 222 shares during the last quarter. Xponance Inc. grew its holdings in shares of BorgWarner by 0.6% during the first quarter. Xponance Inc. now owns 36,258 shares of the auto parts company’s stock valued at $1,781,000 after purchasing an additional 230 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of BorgWarner by 1.9% during the first quarter. Miracle Mile Advisors LLC now owns 12,476 shares of the auto parts company’s stock valued at $613,000 after purchasing an additional 230 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of BorgWarner by 1.4% during the fourth quarter. Bessemer Group Inc. now owns 18,375 shares of the auto parts company’s stock valued at $739,000 after purchasing an additional 250 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of BorgWarner by 1.2% during the first quarter. Vanguard Personalized Indexing Management LLC now owns 21,254 shares of the auto parts company’s stock valued at $1,044,000 after purchasing an additional 254 shares during the last quarter. 92.35% of the stock is owned by institutional investors.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $40.90 on Tuesday. BorgWarner Inc. has a one year low of $31.14 and a one year high of $51.14. The stock has a fifty day moving average of $42.46 and a 200-day moving average of $45.38. The company has a market capitalization of $9.61 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.62.

BorgWarner (NYSE:BWA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. BorgWarner had a return on equity of 15.45% and a net margin of 5.63%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.39 billion. As a group, equities analysts anticipate that BorgWarner Inc. will post 3.76 EPS for the current fiscal year.

BorgWarner Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 31st. BorgWarner’s dividend payout ratio (DPR) is currently 10.86%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BWA. Robert W. Baird upped their target price on BorgWarner from $48.00 to $50.00 in a report on Thursday, July 6th. Wells Fargo & Company decreased their price objective on BorgWarner from $56.00 to $53.00 in a report on Monday, July 10th. Nomura lowered BorgWarner from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Thursday, August 17th. UBS Group began coverage on BorgWarner in a report on Tuesday, September 12th. They issued a “buy” rating and a $52.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on BorgWarner from $45.00 to $51.00 in a report on Wednesday, June 7th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $51.64.

View Our Latest Report on BWA

BorgWarner Company Profile

(Free Report)

BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.