KLP Kapitalforvaltning AS Invests $2.15 Million in BorgWarner Inc. (NYSE:BWA)

KLP Kapitalforvaltning AS bought a new position in BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 67,700 shares of the auto parts company's stock, valued at approximately $2,152,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Janney Montgomery Scott LLC grew its position in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after buying an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock valued at $2,421,000 after buying an additional 393 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after acquiring an additional 394 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of BorgWarner by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock worth $1,537,000 after acquiring an additional 450 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

BWA has been the subject of several analyst reports. Evercore ISI reduced their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Friday, March 7th. Morgan Stanley dropped their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Finally, BNP Paribas raised shares of 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.06.

BorgWarner Stock Down 0.4 %

Shares of NYSE BWA traded down $0.13 during mid-day trading on Tuesday, reaching $28.53. 2,514,843 shares of the company traded hands, compared to its average volume of 2,771,112. The company's fifty day moving average is $29.92 and its two-hundred day moving average is $32.38. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a market cap of $6.27 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 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%. On average, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is 30.77%.

Insider Activity

In related news, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by insiders.

BorgWarner Company 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.