BorgWarner Inc. (BWA) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,502 shares of the auto parts company’s stock after selling 1,571 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in BorgWarner were worth $2,024,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CENTRAL TRUST Co grew its holdings in BorgWarner by 5.3% in the 2nd 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 last quarter. Exane Derivatives acquired a new stake in BorgWarner in the 2nd quarter valued at approximately $135,000. Pacer Advisors Inc. grew its holdings in BorgWarner by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after buying an additional 341 shares during the last quarter. Rothschild Investment Corp IL acquired a new stake in BorgWarner in the 3rd quarter valued at approximately $205,000. Finally, Obermeyer Wood Investment Counsel Lllp grew its holdings in BorgWarner by 2.5% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock valued at $208,000 after buying an additional 121 shares during the last quarter. 92.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BorgWarner Inc. (NYSE:BWA) opened at $52.10 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. The company has a market capitalization of $11,003.66, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.51 and a beta of 1.75. BorgWarner Inc. has a one year low of $33.81 and a one year high of $53.84.
BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. BorgWarner’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. equities analysts forecast that BorgWarner Inc. will post 3.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 1.31%. BorgWarner’s payout ratio is presently 40.58%.
In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the completion of the transaction, the executive vice president now owns 34,120 shares in the company, valued at approximately $1,535,058.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of BorgWarner stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total value of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares of the company’s stock, valued at approximately $1,062,708.84. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
BWA has been the topic of a number of research analyst reports. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets reissued an “outperform” rating and set a $55.00 price objective (up previously from $50.00) on shares of BorgWarner in a report on Friday, July 28th. Barclays PLC set a $46.00 price objective on BorgWarner and gave the stock a “hold” rating in a report on Sunday, August 6th. Finally, Deutsche Bank AG lifted their price objective on BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.72.
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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