Kopion Asset Management LLC Lowers Stock Position in BorgWarner Inc. $BWA

Kopion Asset Management LLC decreased its holdings in BorgWarner Inc. (NYSE:BWA) by 42.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,428 shares of the auto parts company’s stock after selling 51,586 shares during the quarter. BorgWarner comprises 2.9% of Kopion Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Kopion Asset Management LLC’s holdings in BorgWarner were worth $4,610,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in BorgWarner by 119.7% in the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after purchasing an additional 4,095,902 shares during the period. Norges Bank acquired a new stake in shares of BorgWarner during the fourth quarter worth about $156,794,000. Millennium Management LLC boosted its stake in shares of BorgWarner by 94.5% during the fourth quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock worth $94,663,000 after buying an additional 1,020,726 shares during the period. SEB Asset Management AB purchased a new position in shares of BorgWarner during the first quarter worth about $50,930,000. Finally, Adage Capital Partners GP L.L.C. lifted its position in BorgWarner by 233.6% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock worth $37,196,000 after acquiring an additional 778,000 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of BWA opened at $62.80 on Wednesday. BorgWarner Inc. has a twelve month low of $37.59 and a twelve month high of $78.82. The stock’s 50 day moving average is $67.82 and its two-hundred day moving average is $59.83. The firm has a market capitalization of $12.88 billion, a PE ratio of 37.16, a P/E/G ratio of 1.35 and a beta of 1.10. The company has a current ratio of 2.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. Research analysts anticipate that BorgWarner Inc. will post 5.16 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.17 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. BorgWarner’s payout ratio is 40.24%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BWA. Wells Fargo & Company boosted their target price on BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $84.00 price target on shares of BorgWarner in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $81.00 price objective on shares of BorgWarner in a research report on Tuesday, April 21st. Weiss Ratings raised shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Finally, Morgan Stanley upped their price objective on shares of BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.57.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 5,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the sale, the executive vice president owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. This trade represents a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the vice president directly owned 203,746 shares of the company’s stock, valued at approximately $13,243,490. This trade represents a 2.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,500 shares of company stock valued at $4,310,115 in the last three months. 0.76% of the stock is owned by corporate insiders.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.