Covalis Capital LLP Has $15.30 Million Position in BorgWarner Inc. (NYSE:BWA)

Covalis Capital LLP increased its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 481,122 shares of the auto parts company's stock after purchasing an additional 32,550 shares during the quarter. BorgWarner makes up approximately 2.2% of Covalis Capital LLP's holdings, making the stock its 15th largest holding. Covalis Capital LLP owned 0.22% of BorgWarner worth $15,295,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BWA. Truist Financial Corp raised its position in shares of BorgWarner by 4.0% in the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after buying an additional 595 shares during the last quarter. Norges Bank acquired a new position in BorgWarner in the 4th quarter valued at $62,180,000. State of Alaska Department of Revenue lifted its stake in shares of BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after purchasing an additional 25,475 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of BorgWarner in the fourth quarter valued at $1,197,000. Finally, Wellington Management Group LLP increased its stake in BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

BWA has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Guggenheim decreased their target price on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday. Robert W. Baird reduced their price target on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley dropped their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, 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 report on Tuesday, March 18th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner currently has an average rating of "Moderate Buy" and an average price target of $37.19.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 in the last three months. 0.45% of the stock is currently owned by company insiders.

BorgWarner Price Performance

BWA stock traded up $1.02 on Thursday, hitting $28.25. 1,338,056 shares of the company's stock traded hands, compared to its average volume of 3,345,455. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 19.76, a P/E/G 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 $38.22. The stock has a fifty day moving average of $28.22 and a 200-day moving average of $31.41.

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

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio is 30.77%.

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.