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

Kentucky Retirement Systems Insurance Trust Fund increased its stake in BorgWarner Inc. (NYSE:BWA) by 19.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,058 shares of the auto parts company’s stock after buying an additional 1,314 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in BorgWarner were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAM Holding AG acquired a new position in shares of BorgWarner in the fourth quarter worth approximately $1,186,000. Venturi Wealth Management LLC lifted its stake in shares of BorgWarner by 676.0% in the fourth quarter. Venturi Wealth Management LLC now owns 5,215 shares of the auto parts company’s stock worth $166,000 after acquiring an additional 4,543 shares during the period. Truist Financial Corp lifted its stake in BorgWarner by 4.0% in the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock valued at $487,000 after buying an additional 595 shares during the period. Principal Securities Inc. lifted its stake in BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after buying an additional 720 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in BorgWarner by 3.3% in the fourth quarter. New York State Teachers Retirement System now owns 211,203 shares of the auto parts company’s stock valued at $6,714,000 after buying an additional 6,814 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Guggenheim reissued a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Barclays dropped their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.20.

BorgWarner Stock Down 1.9 %

Shares of NYSE:BWA opened at $29.68 on Thursday. The company has a market capitalization of $6.49 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The business has a fifty day moving average price of $31.67 and a two-hundred day moving average price of $33.09. BorgWarner Inc. has a 1 year low of $28.65 and a 1 year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data 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%. Analysts forecast 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.48%. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Activity

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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.