State of Alaska Department of Revenue lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,007 shares of the auto parts company’s stock after buying an additional 3,981 shares during the quarter. State of Alaska Department of Revenue’s holdings in BorgWarner were worth $2,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Twin Capital Management Inc. increased its position in shares of BorgWarner by 522.3% during the second quarter. Twin Capital Management Inc. now owns 52,540 shares of the auto parts company’s stock worth $2,268,000 after buying an additional 44,097 shares during the period. Toronto Dominion Bank increased its position in shares of BorgWarner by 33.2% during the second quarter. Toronto Dominion Bank now owns 143,291 shares of the auto parts company’s stock worth $6,183,000 after buying an additional 35,719 shares during the period. Robecosam AG increased its position in shares of BorgWarner by 0.5% during the second quarter. Robecosam AG now owns 293,100 shares of the auto parts company’s stock worth $12,817,000 after buying an additional 1,500 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of BorgWarner by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,102,932 shares of the auto parts company’s stock worth $47,603,000 after buying an additional 41,313 shares during the period. Finally, Advisors Capital Management LLC increased its position in shares of BorgWarner by 2.7% during the second quarter. Advisors Capital Management LLC now owns 59,842 shares of the auto parts company’s stock worth $2,583,000 after buying an additional 1,580 shares during the period. Institutional investors own 91.74% of the company’s stock.

In other BorgWarner news, VP Thomas J. Mcgill sold 3,260 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $44.55, for a total value of $145,233.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 4,590 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $46.01, for a total transaction of $211,185.90. Following the completion of the transaction, the executive vice president now directly owns 34,982 shares in the company, valued at $1,609,521.82. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Buckingham Research decreased their price objective on shares of BorgWarner from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, October 3rd. ValuEngine cut shares of BorgWarner from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Citigroup decreased their price objective on shares of BorgWarner from $52.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, October 12th. Oppenheimer decreased their price objective on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, July 23rd. Finally, Wells Fargo & Co upgraded shares of BorgWarner from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $57.00 to $56.00 in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. BorgWarner currently has a consensus rating of “Buy” and a consensus target price of $56.46.

NYSE:BWA opened at $38.29 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 1.22 and a beta of 1.88. BorgWarner Inc. has a 12 month low of $37.37 and a 12 month high of $58.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 26th. The auto parts company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.71 billion. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. As a group, research analysts anticipate that BorgWarner Inc. will post 4.38 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Friday, August 31st. BorgWarner’s payout ratio is 17.48%.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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