Kettle Hill Capital Management LLC Invests $6.08 Million in BorgWarner Inc. (NYSE:BWA)

Kettle Hill Capital Management LLC bought a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 191,256 shares of the auto parts company's stock, valued at approximately $6,080,000. BorgWarner comprises about 1.3% of Kettle Hill Capital Management LLC's investment portfolio, making the stock its 27th largest holding. Kettle Hill Capital Management LLC owned 0.09% of BorgWarner as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Gotham Asset Management LLC grew its stake in shares of BorgWarner by 47.8% during the fourth quarter. Gotham Asset Management LLC now owns 376,569 shares of the auto parts company's stock worth $11,971,000 after acquiring an additional 121,859 shares during the last quarter. Focus Partners Wealth grew its stake in shares of BorgWarner by 40.1% during the fourth quarter. Focus Partners Wealth now owns 10,759 shares of the auto parts company's stock worth $342,000 after acquiring an additional 3,080 shares during the last quarter. Ethic Inc. grew its stake in shares of BorgWarner by 7.6% during the fourth quarter. Ethic Inc. now owns 65,709 shares of the auto parts company's stock worth $2,089,000 after acquiring an additional 4,642 shares during the last quarter. Fiduciary Trust Co purchased a new stake in shares of BorgWarner during the fourth quarter worth about $206,000. Finally, FORA Capital LLC grew its stake in shares of BorgWarner by 10.8% during the fourth quarter. FORA Capital LLC now owns 8,670 shares of the auto parts company's stock worth $276,000 after acquiring an additional 844 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of BWA stock traded down $0.17 during trading hours on Wednesday, hitting $32.96. 2,570,812 shares of the company's stock were exchanged, compared to its average volume of 2,764,145. 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 firm has a market cap of $7.24 billion, a P/E ratio of 23.05, a P/E/G ratio of 0.77 and a beta of 1.08. The firm has a 50 day moving average of $28.34 and a two-hundred day moving average of $30.93. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.97.

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

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 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%. BorgWarner's payout ratio is 35.20%.

Analysts Set New Price Targets

BWA has been the topic of a number of recent research reports. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. 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. Barclays dropped their target price on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Guggenheim dropped their target price on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, BorgWarner currently has an average rating of "Moderate Buy" and a consensus target price of $37.47.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction 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 directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,036 shares of company stock valued at $1,851,114 in the last three months. 0.45% of the stock is currently owned by company insiders.

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.