BorgWarner Inc. (NYSE:BWA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 409,219 shares of the auto parts company’s stock after selling 82,822 shares during the quarter. New York State Common Retirement Fund owned about 0.19% of BorgWarner worth $13,009,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BWA. Geode Capital Management LLC increased its stake in shares of BorgWarner by 3.5% in the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after acquiring an additional 217,050 shares during the period. Pacer Advisors Inc. boosted its holdings in BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after purchasing an additional 445,540 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of BorgWarner by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company’s stock valued at $81,553,000 after buying an additional 60,935 shares during the last quarter. Finally, Ninety One UK Ltd lifted its holdings in shares of BorgWarner by 22.5% in the 4th quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock valued at $62,427,000 after buying an additional 361,112 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

BorgWarner Price Performance

NYSE:BWA opened at $29.49 on Monday. The firm has a market cap of $6.45 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The stock has a 50 day moving average of $31.48 and a two-hundred day moving average of $33.07. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. 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 posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, 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, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Barclays decreased their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.57.

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.