Louisiana State Employees Retirement System Purchases 91,200 Shares of BorgWarner Inc. (NYSE:BWA)

Louisiana State Employees Retirement System lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 772.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,000 shares of the auto parts company's stock after acquiring an additional 91,200 shares during the period. Louisiana State Employees Retirement System's holdings in BorgWarner were worth $2,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BWA. Global X Japan Co. Ltd. raised its holdings in BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after purchasing an additional 523 shares in the last quarter. LRI Investments LLC grew its position in shares of 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 buying an additional 909 shares during the period. Allworth Financial LP increased its stake in shares of BorgWarner by 123.1% in the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock worth $41,000 after acquiring an additional 793 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner during the 4th quarter valued at about $45,000. Finally, Golden State Wealth Management LLC boosted its stake in BorgWarner by 596.1% during the first quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock worth $46,000 after acquiring an additional 1,371 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

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

BorgWarner Stock Down 1.2%

BWA opened at $35.40 on Monday. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.56 and a beta of 1.09. The firm has a 50 day moving average price of $33.17 and a 200-day moving average price of $30.80. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

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

BorgWarner Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on BWA. UBS Group lifted their target price on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Piper Sandler reiterated an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. Wall Street Zen raised BorgWarner from a "buy" rating to a "strong-buy" rating in a research note on Saturday. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. Finally, Barclays dropped their price target on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.14.

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.

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