BorgWarner Inc. $BWA Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 91.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,211 shares of the auto parts company’s stock after selling 58,155 shares during the quarter. Strs Ohio’s holdings in BorgWarner were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of BorgWarner by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,411 shares of the auto parts company’s stock worth $1,889,000 after buying an additional 4,078 shares during the period. CWM LLC raised its stake in BorgWarner by 218.3% during the 3rd quarter. CWM LLC now owns 235,861 shares of the auto parts company’s stock valued at $10,368,000 after acquiring an additional 161,755 shares in the last quarter. Columbia Bank acquired a new position in BorgWarner during the 2nd quarter worth $239,000. Sivia Capital Partners LLC bought a new position in shares of BorgWarner in the second quarter worth $339,000. Finally, Merit Financial Group LLC increased its holdings in shares of BorgWarner by 73.1% during the third quarter. Merit Financial Group LLC now owns 44,395 shares of the auto parts company’s stock valued at $1,952,000 after purchasing an additional 18,749 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BWA stock opened at $48.11 on Tuesday. The company’s 50 day moving average price is $45.81 and its two-hundred day moving average price is $43.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $49.21. The company has a market capitalization of $10.29 billion, a P/E ratio of 76.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio is currently 107.94%.

Insider Activity

In related news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total value of $682,800.00. Following the sale, the vice president owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. This trade represents a 6.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BWA shares. JPMorgan Chase & Co. raised their price objective on shares of BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Morgan Stanley restated an “equal weight” rating and issued a $49.00 price objective (up previously from $42.00) on shares of BorgWarner in a report on Monday, December 8th. Wells Fargo & Company reduced their price objective on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.31.

BorgWarner Company 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.