denkapparat Operations GmbH Invests $205,000 in BorgWarner Inc. (NYSE:BWA)

denkapparat Operations GmbH acquired a new position in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,456 shares of the auto parts company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pictet Asset Management Holding SA raised its position in shares of BorgWarner by 6.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 59,377 shares of the auto parts company’s stock valued at $1,888,000 after buying an additional 3,414 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in BorgWarner by 8.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 7,338 shares of the auto parts company’s stock valued at $233,000 after purchasing an additional 554 shares in the last quarter. Norges Bank bought a new stake in BorgWarner during the fourth quarter worth about $62,180,000. NEOS Investment Management LLC increased its position in shares of BorgWarner by 28.5% during the 4th quarter. NEOS Investment Management LLC now owns 11,183 shares of the auto parts company’s stock valued at $356,000 after purchasing an additional 2,483 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in shares of BorgWarner by 17.2% during the 4th quarter. UniSuper Management Pty Ltd now owns 47,944 shares of the auto parts company’s stock valued at $1,524,000 after buying an additional 7,031 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Trading Down 2.3 %

NYSE:BWA opened at $28.18 on Friday. The company has a 50-day moving average price of $30.08 and a 200-day moving average price of $32.42. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12 month low of $27.65 and a 12 month high of $38.23.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. Equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on BWA. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Piper Sandler reduced their target price 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. Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Guggenheim set a $38.00 price objective on BorgWarner in a research note on Wednesday, March 5th. Finally, Barclays lowered their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.06.

Insider Activity

In related news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company’s stock.

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.