BorgWarner Inc. (NYSE:BWA) Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in BorgWarner Inc. by 18.3%, owning approximately 0.16% of the company worth $9.9 million following the acquisition of over 53,000 additional shares.
• Several institutional investors, including Farther Finance Advisors LLC and Global X Japan Co. Ltd., also raised their positions in BorgWarner during the 1st quarter, reflecting a trend of increasing institutional interest in the stock.
• BorgWarner's stock currently holds a consensus rating of "Moderate Buy" among analysts, with an average target price of $39.07 and multiple recent upgrades from firms such as Wells Fargo and Goldman Sachs.

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 18.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 345,550 shares of the auto parts company's stock after buying an additional 53,448 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.16% of BorgWarner worth $9,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in BWA. Dimensional Fund Advisors LP boosted its position in shares of BorgWarner by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after purchasing an additional 753,344 shares during the period. Invesco Ltd. boosted its position in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock valued at $216,014,000 after buying an additional 628,930 shares during the period. Alliancebernstein L.P. boosted its position in BorgWarner by 6.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock valued at $190,142,000 after buying an additional 381,504 shares during the period. LSV Asset Management boosted its position in BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after buying an additional 792,100 shares during the period. Finally, Turtle Creek Asset Management Inc. boosted its position in BorgWarner by 7.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company's stock valued at $129,664,000 after buying an additional 267,250 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BWA shares. Piper Sandler reissued an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of BorgWarner in a research report on Thursday, May 22nd. Bank of America raised their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a report on Monday, June 16th. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and raised their price objective for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Guggenheim reduced their price objective on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of BorgWarner from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.07.

Insider Activity

In other news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the sale, the executive vice president owned 214,521 shares of the company's stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the vice president directly owned 63,445 shares in the company, valued at approximately $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

NYSE BWA traded down $0.47 during trading on Tuesday, reaching $35.30. The company's stock had a trading volume of 298,713 shares, compared to its average volume of 2,889,971. 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 firm has a market cap of $7.76 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.67 and a beta of 1.09. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29. The business's fifty day moving average price is $34.01 and its 200-day moving average price is $31.10.

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

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. BorgWarner's payout ratio is 35.20%.

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.