BorgWarner Inc. (BWA) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 41,073 shares of the auto parts company’s stock after selling 231 shares during the period. Public Employees Retirement Association of Colorado’s holdings in BorgWarner were worth $1,740,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co raised its stake in shares of BorgWarner by 5.3% in the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after buying an additional 135 shares during the period. Van ECK Associates Corp raised its stake in shares of BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock valued at $113,000 after buying an additional 171 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of BorgWarner during the first quarter valued at about $105,000. SRS Capital Advisors Inc. raised its stake in shares of BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock valued at $122,000 after buying an additional 354 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock valued at $132,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.
BorgWarner Inc. (NYSE BWA) opened at 44.66 on Friday. The stock’s 50 day moving average price is $44.93 and its 200-day moving average price is $42.29. The firm has a market capitalization of $9.43 billion, a P/E ratio of 49.79 and a beta of 1.73. BorgWarner Inc. has a 12 month low of $33.09 and a 12 month high of $48.03.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.89 by $0.07. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. On average, analysts forecast that BorgWarner Inc. will post $3.70 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.25%. BorgWarner’s payout ratio is currently 62.92%.
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Several equities analysts have weighed in on BWA shares. Barclays PLC set a $46.00 target price on BorgWarner and gave the company a “hold” rating in a research report on Sunday, August 6th. Deutsche Bank AG lifted their target price on BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday. BidaskClub downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $55.00 target price (up from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $42.67.
In related news, Director Dennis C. Cuneo sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total transaction of $44,060.00. Following the sale, the director now directly owns 13,398 shares in the company, valued at approximately $590,315.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.66% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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