Lloyd Advisory Services LLC. Purchases Shares of 23,855 BorgWarner Inc. (NYSE:BWA)

Lloyd Advisory Services LLC. acquired a new position in BorgWarner Inc. (NYSE:BWA) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,855 shares of the auto parts company’s stock, valued at approximately $829,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. EdgeRock Capital LLC purchased a new position in shares of BorgWarner during the 4th quarter worth $30,000. Sound Income Strategies LLC bought a new stake in BorgWarner during the fourth quarter valued at about $32,000. Bruce G. Allen Investments LLC purchased a new stake in BorgWarner in the fourth quarter worth about $33,000. Trust Co. of Vermont raised its stake in shares of BorgWarner by 49,000.0% in the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after buying an additional 980 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of BorgWarner during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. TD Cowen upped their price target on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Citigroup increased their price objective on shares of BorgWarner from $33.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Robert W. Baird boosted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Barclays raised their target price on shares of BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $43.76.

BorgWarner Trading Up 1.5 %

NYSE:BWA traded up $0.50 during midday trading on Monday, hitting $33.63. 700,681 shares of the company traded hands, compared to its average volume of 2,886,405. The firm has a market capitalization of $7.66 billion, a P/E ratio of 12.75, a P/E/G ratio of 0.80 and a beta of 1.28. The firm’s fifty day moving average is $34.79 and its 200-day moving average is $33.86. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $50.04. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that BorgWarner Inc. will post 4.07 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

BorgWarner announced that its Board of Directors has initiated a share buyback plan on Thursday, May 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.