BorgWarner Inc. (NYSE:BWA) Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC trimmed its position in BorgWarner Inc. (NYSE:BWA) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,127 shares of the auto parts company’s stock after selling 29,643 shares during the period. BorgWarner accounts for approximately 7.6% of Kopion Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Kopion Asset Management LLC’s holdings in BorgWarner were worth $10,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. First Community Trust NA lifted its stake in BorgWarner by 12.2% during the 4th quarter. First Community Trust NA now owns 7,079 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 770 shares during the period. Park Avenue Securities LLC boosted its holdings in BorgWarner by 32.6% in the fourth quarter. Park Avenue Securities LLC now owns 9,838 shares of the auto parts company’s stock valued at $313,000 after purchasing an additional 2,416 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in BorgWarner during the 4th quarter worth about $2,142,000. Oak Thistle LLC acquired a new position in shares of BorgWarner in the 4th quarter valued at about $436,000. Finally, City Center Advisors LLC grew its stake in shares of BorgWarner by 10.8% during the 4th quarter. City Center Advisors LLC now owns 8,200 shares of the auto parts company’s stock worth $261,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the transaction, the executive vice president now directly owns 32,366 shares in the company, valued at $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 in the last 90 days. Company insiders own 0.63% of the company’s stock.

BorgWarner Trading Up 1.7 %

BorgWarner stock traded up $0.53 during trading on Wednesday, hitting $32.39. The company had a trading volume of 40,505 shares, compared to its average volume of 1,947,060. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $33.29 and its 200-day simple moving average is $33.37. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.77 and a beta of 1.20.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, analysts expect that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BWA shares. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Guggenheim reiterated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft increased their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

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.