Deutsche Bank AG Boosts Stock Position in BorgWarner Inc. (NYSE:BWA)

Deutsche Bank AG boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 57.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,302,324 shares of the auto parts company's stock after purchasing an additional 474,529 shares during the quarter. Deutsche Bank AG owned approximately 0.60% of BorgWarner worth $41,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after purchasing an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of BorgWarner by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after purchasing an additional 393 shares during the last quarter. Norinchukin Bank The lifted its position in shares of BorgWarner by 4.4% during the fourth quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after purchasing an additional 402 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of BorgWarner by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock worth $1,537,000 after purchasing an additional 450 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Price Performance

NYSE BWA opened at $33.15 on Wednesday. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $38.23. The company has a 50-day moving average price of $28.28 and a two-hundred day moving average price of $30.91. 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 $7.28 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company's revenue was down 2.2% on a year-over-year basis. Analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner's dividend payout ratio is currently 35.20%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Evercore ISI lowered their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. UBS Group boosted their target price on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.47.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This trade represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was 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 60,036 shares of company stock worth $1,851,114 over the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.