Kentucky Retirement Systems Insurance Trust Fund Has $256,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,058 shares of the auto parts company’s stock after purchasing an additional 1,314 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in BorgWarner were worth $256,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in BorgWarner during the 3rd quarter valued at $32,000. True Wealth Design LLC acquired a new stake in BorgWarner during the 3rd quarter valued at $38,000. Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner during the 3rd quarter valued at $62,000. Finally, Principal Securities Inc. lifted its holdings in 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 purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Guggenheim reissued a “buy” rating and set a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. The Goldman Sachs Group dropped their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI dropped 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. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.20.

BorgWarner Stock Performance

BorgWarner stock opened at $29.68 on Thursday. BorgWarner Inc. has a 12-month low of $28.65 and a 12-month high of $38.22. 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 business’s 50-day moving average price is $31.67 and its two-hundred day moving average price is $33.09. The stock has a market cap of $6.49 billion, a PE ratio of 20.75, a P/E/G ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA) last released 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 return on equity of 15.93% and a net margin of 2.40%. As a group, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s 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 sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

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.