BorgWarner Inc. (NYSE:BWA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 56.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,687 shares of the auto parts company's stock after selling 78,859 shares during the quarter. Teacher Retirement System of Texas' holdings in BorgWarner were worth $1,767,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BWA. Global X Japan Co. Ltd. boosted its holdings in BorgWarner by 133.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after buying an additional 523 shares during the period. LRI Investments LLC boosted its stake in BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares during the period. Resona Asset Management Co. Ltd. bought a new position in BorgWarner in the 4th quarter worth approximately $45,000. Golden State Wealth Management LLC boosted its stake in BorgWarner by 596.1% in the 1st quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock worth $46,000 after purchasing an additional 1,371 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in BorgWarner in the 4th quarter worth approximately $48,000. 95.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays decreased their target price on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Wells Fargo & Company lifted their price objective on BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Guggenheim reduced their price objective on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Activity at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the transaction, the vice president owned 63,445 shares of the company's stock, valued at approximately $2,109,546.25. This represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the transaction, the executive vice president directly owned 214,521 shares in the company, valued at approximately $7,042,724.43. The trade was a 11.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

BorgWarner Price Performance

BWA traded down $0.42 on Friday, hitting $35.40. 1,489,402 shares of the company's stock were exchanged, compared to its average volume of 2,710,433. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $33.05 and a 200-day moving average price of $30.79. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.55 and a beta of 1.09.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.24%. BorgWarner's dividend payout ratio is currently 35.20%.

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.