DekaBank Deutsche Girozentrale Reduces Position in BorgWarner Inc. (NYSE:BWA)

DekaBank Deutsche Girozentrale trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 27.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 466,133 shares of the auto parts company’s stock after selling 178,781 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in BorgWarner were worth $16,707,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BWA. Parkside Investments LLC grew its stake in shares of BorgWarner by 28.7% in the fourth quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after acquiring an additional 43,955 shares during the period. Kennedy Capital Management LLC purchased a new stake in BorgWarner in the third quarter worth approximately $833,000. O Shaughnessy Asset Management LLC grew its position in BorgWarner by 24.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock worth $7,305,000 after purchasing an additional 35,986 shares during the period. Jones Financial Companies Lllp purchased a new stake in BorgWarner during the 3rd quarter valued at $69,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of BorgWarner during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

NYSE:BWA opened at $35.14 on Tuesday. The stock has a market cap of $8.07 billion, a PE ratio of 13.16, a P/E/G ratio of 0.98 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $32.53 and its two-hundred day simple moving average is $34.50. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the business posted $1.26 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts forecast that BorgWarner Inc. will post 3.91 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. BorgWarner’s payout ratio is 16.48%.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares in the company, valued at $8,217,429. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other BorgWarner news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the sale, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the transaction, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.63% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. Wells Fargo & Company lowered their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Barclays cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 15th. Piper Sandler started coverage on shares of BorgWarner in a research report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.05.

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.