Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 292,102 BorgWarner Inc. (NYSE:BWA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BorgWarner Inc. (NYSE:BWA) during the fourth quarter, Holdings Channel reports. The fund bought 292,102 shares of the auto parts company’s stock, valued at approximately $9,286,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. LRI Investments LLC raised its holdings in BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after buying an additional 909 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of BorgWarner in the fourth quarter worth about $45,000. Kapitalo Investimentos Ltda purchased a new position in shares of BorgWarner in the fourth quarter worth approximately $48,000. Quarry LP increased its position in shares of BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 959 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of BorgWarner in the fourth quarter worth approximately $59,000. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Trading Down 1.0%

Shares of NYSE BWA opened at $33.12 on Friday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 0.77 and a beta of 1.08. The business has a 50 day simple moving average of $29.34 and a 200 day simple moving average of $30.84. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

Insider Buying and Selling

In other BorgWarner news, VP Isabelle Mckenzie sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was 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 now owns 63,445 shares of the company’s stock, valued at $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the sale, the executive vice president now directly owns 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 disclosure for this sale can be found here. Over the last three months, insiders sold 65,036 shares of company stock worth $2,017,364. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Evercore ISI lowered their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a report on Tuesday, March 18th. Finally, Morgan Stanley dropped their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.73.

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.