BorgWarner Inc. (NYSE:BWA) Holdings Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 56.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,687 shares of the auto parts company's stock after selling 78,859 shares during the period. Teacher Retirement System of Texas' holdings in BorgWarner were worth $1,767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BWA. Norinchukin Bank The lifted its position in shares of BorgWarner by 4.4% during the fourth quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after purchasing an additional 402 shares in the last quarter. Farther Finance Advisors LLC increased its stake in BorgWarner by 26.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock worth $56,000 after buying an additional 407 shares during the period. Janus Henderson Group PLC lifted its holdings in BorgWarner by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock worth $3,580,000 after buying an additional 501 shares in the last quarter. Global X Japan Co. Ltd. boosted its position 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 valued at $26,000 after buying an additional 523 shares during the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of BorgWarner by 3.1% during the first quarter. Moran Wealth Management LLC now owns 18,415 shares of the auto parts company's stock valued at $528,000 after acquiring an additional 546 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

BWA traded up $0.27 on Monday, hitting $35.68. 1,477,445 shares of the company's stock were exchanged, compared to its average volume of 2,708,043. 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 stock has a fifty day moving average of $33.17 and a two-hundred day moving average of $30.80. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29. The firm has a market cap of $7.84 billion, a PE ratio of 28.54, a P/E/G ratio of 1.56 and a beta of 1.09.

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

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. BorgWarner's dividend payout ratio is currently 35.20%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Piper Sandler reiterated an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. UBS Group lifted their price objective on BorgWarner from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday. Bank of America increased their target price on BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Robert W. Baird lifted their price target on shares of BorgWarner from $32.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and upped their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.36.

Insider Transactions at BorgWarner

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

About BorgWarner

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.