KLP Kapitalforvaltning AS Buys Shares of 67,700 BorgWarner Inc. (NYSE:BWA)

KLP Kapitalforvaltning AS purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 67,700 shares of the auto parts company’s stock, valued at approximately $2,152,000.

Other institutional investors have also modified their holdings of the company. Swedbank AB increased its stake in BorgWarner by 91.7% during the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after buying an additional 774,438 shares during the period. American Century Companies Inc. increased its position in shares of BorgWarner by 20.5% during the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company’s stock worth $116,230,000 after acquiring an additional 621,243 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of BorgWarner by 3,195.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock valued at $18,366,000 after acquiring an additional 568,594 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after purchasing an additional 445,540 shares during the period. Finally, Bridgewater Associates LP grew its stake in BorgWarner by 4,509.5% during the 3rd quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after purchasing an additional 370,726 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 13,500 shares of the 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 completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Down 4.8 %

BWA opened at $28.81 on Friday. BorgWarner Inc. has a one year low of $27.65 and a one year 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 capitalization of $6.33 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The business’s 50-day simple moving average is $30.16 and its 200-day simple moving average is $32.45.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. Analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cowen cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Guggenheim set a $38.00 price target on shares of BorgWarner in a research note on Wednesday, March 5th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Monday. Finally, TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

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.