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

Kettle Hill Capital Management LLC acquired a new stake in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 191,256 shares of the auto parts company’s stock, valued at approximately $6,080,000. BorgWarner accounts for approximately 1.3% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 27th biggest holding.

Other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new stake in BorgWarner during the fourth quarter worth approximately $45,000. Avior Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 342 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in BorgWarner during the 4th quarter worth $48,000. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner in the 3rd quarter valued at $62,000. Finally, Quarry LP raised its position 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 purchasing an additional 959 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity

In other news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

Shares of NYSE BWA opened at $31.70 on Friday. The business has a 50 day simple moving average of $28.13 and a 200-day simple moving average of $30.92. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.39%. BorgWarner’s payout ratio is currently 30.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BWA shares. Guggenheim decreased their target price on BorgWarner from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. UBS Group increased their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday. Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $37.47.

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.