BorgWarner Inc. (NYSE:BWA) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in shares of BorgWarner Inc. (NYSE:BWA) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,744 shares of the auto parts company’s stock after selling 605 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in BorgWarner were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BWA. Covestor Ltd increased its stake in shares of BorgWarner by 47.2% during the first quarter. Covestor Ltd now owns 3,048 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 978 shares during the period. UniSuper Management Pty Ltd grew its position in BorgWarner by 731.4% during the first quarter. UniSuper Management Pty Ltd now owns 30,920 shares of the auto parts company’s stock worth $1,074,000 after buying an additional 27,201 shares during the period. Bessemer Group Inc. grew its position in BorgWarner by 90.7% during the first quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock worth $1,363,000 after buying an additional 18,640 shares during the period. Natixis acquired a new position in BorgWarner during the first quarter worth about $7,955,000. Finally, Evermay Wealth Management LLC grew its position in BorgWarner by 41.7% during the first quarter. Evermay Wealth Management LLC now owns 1,700 shares of the auto parts company’s stock worth $59,000 after buying an additional 500 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BWA opened at $33.12 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.71 and a beta of 1.20. The company’s 50 day simple moving average is $34.33 and its 200 day simple moving average is $33.95. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, sell-side analysts predict that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BWA. Wells Fargo & Company lowered their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Robert W. Baird upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.21.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 201,466 shares of company stock valued at $6,973,828 over the last quarter. Company insiders own 0.63% of the company’s stock.

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.