BorgWarner Inc. (NYSE:BWA) Stake Boosted by Kopion Asset Management LLC

Kopion Asset Management LLC lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 365,620 shares of the auto parts company's stock after buying an additional 26,493 shares during the period. BorgWarner makes up about 8.2% of Kopion Asset Management LLC's portfolio, making the stock its 2nd largest position. Kopion Asset Management LLC owned approximately 0.17% of BorgWarner worth $10,475,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. LRI Investments LLC increased its position in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner during the 4th quarter worth $45,000. Kapitalo Investimentos Ltda acquired a new position in BorgWarner during the 4th quarter valued at about $48,000. Versant Capital Management Inc raised its stake in BorgWarner by 448.5% in the first quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company's stock valued at $52,000 after buying an additional 1,480 shares during the last quarter. Finally, Quarry LP raised its stake in BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after buying an additional 959 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Insiders Place Their Bets

In other BorgWarner news, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the transaction, the vice president now owns 63,445 shares of the company's stock, valued at $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred on 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 approximately $1,125,976.90. This trade represents a 38.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,036 shares of company stock worth $2,017,364. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

BWA stock traded up $0.25 during trading on Tuesday, hitting $32.67. 1,840,657 shares of the company traded hands, compared to its average volume of 2,683,421. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $37.29. The company has a market cap of $7.18 billion, a PE ratio of 22.85, a P/E/G ratio of 0.77 and a beta of 1.08. The stock's 50-day simple moving average is $29.39 and its 200 day simple moving average is $30.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business's quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. BorgWarner's dividend payout ratio is presently 35.20%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BWA shares. Piper Sandler restated an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. Morgan Stanley cut their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Finally, Robert W. Baird upped their target price on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.73.

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.