BorgWarner Inc. (NYSE:BWA) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 33.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,268 shares of the auto parts company's stock after selling 16,198 shares during the period. DekaBank Deutsche Girozentrale's holdings in BorgWarner were worth $904,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. boosted its holdings in shares of BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after purchasing an additional 523 shares during the period. LRI Investments LLC grew its holdings in BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after buying an additional 909 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the 4th quarter valued at approximately $45,000. Golden State Wealth Management LLC lifted its position in shares of BorgWarner by 596.1% in the 1st quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock worth $46,000 after acquiring an additional 1,371 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of BorgWarner in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling

In other news, EVP Tonit M. Calaway sold 27,736 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the transaction, the executive vice president owned 214,521 shares of the company's stock, valued at approximately $7,042,724.43. This represents a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, the vice president directly owned 63,445 shares in the company, valued at $2,109,546.25. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

BorgWarner Stock Performance

BWA opened at $35.40 on Monday. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The firm has a market capitalization of $7.78 billion, a PE ratio of 28.32, a PEG ratio of 1.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97. The business's 50-day simple moving average is $33.17 and its 200 day simple moving average is $30.80.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. BorgWarner's revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.24%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays cut their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Tuesday, March 18th. Guggenheim decreased their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group lifted their price objective on BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Piper Sandler reiterated an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.14.

About BorgWarner

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.

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