Covalis Capital LLP Has $15.30 Million Stake in BorgWarner Inc. (NYSE:BWA)

Covalis Capital LLP boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 481,122 shares of the auto parts company's stock after acquiring an additional 32,550 shares during the quarter. BorgWarner makes up approximately 2.2% of Covalis Capital LLP's portfolio, making the stock its 15th largest holding. Covalis Capital LLP owned 0.22% of BorgWarner worth $15,295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BWA. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner during the 4th quarter valued at $45,000. Avior Wealth Management LLC raised its holdings in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after buying an additional 342 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of BorgWarner in the fourth quarter worth about $59,000. Wilmington Savings Fund Society FSB bought a new stake in shares of BorgWarner during the 3rd quarter worth about $62,000. Finally, Principal Securities Inc. increased its holdings in shares of BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after acquiring an additional 720 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last three months. 0.63% of the stock is owned by insiders.

BorgWarner Trading Up 1.5 %

Shares of BWA stock opened at $26.42 on Friday. The company has a market capitalization of $5.80 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $38.23. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $28.38 and a 200 day moving average price of $31.58.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. BorgWarner's payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

BWA has been the subject of a number of recent analyst reports. Barclays decreased their target price on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday. Piper Sandler decreased their price objective on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Robert W. Baird dropped their target price on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday. Morgan Stanley cut their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and increased their target price for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.50.

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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