Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in BorgWarner Inc. (NYSE:BWA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 46,502 shares of the auto parts company’s stock after selling 3,081 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in BorgWarner were worth $1,478,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Truist Financial Corp boosted its position in shares of BorgWarner by 4.0% in the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock valued at $487,000 after acquiring an additional 595 shares during the period. State of Alaska Department of Revenue boosted its holdings in BorgWarner by 96.3% in the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock valued at $1,650,000 after purchasing an additional 25,475 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of BorgWarner during the 4th quarter valued at $1,197,000. Wellington Management Group LLP increased its holdings in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the period. Finally, Mirabella Financial Services LLP purchased a new stake in shares of BorgWarner in the third quarter worth $908,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

NYSE:BWA opened at $29.56 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The firm has a market cap of $6.49 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The business has a 50 day moving average price of $30.27 and a 200-day moving average price of $32.49.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % 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 BorgWarner 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 sale, 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. Insiders sold 45,800 shares of company stock valued at $1,347,701 in the last 90 days. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays reduced their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Evercore ISI decreased their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Wells Fargo & Company increased their price target on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Monday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $39.06.

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.