Oregon Public Employees Retirement Fund Has $1.44 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Oregon Public Employees Retirement Fund grew its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 167.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,100 shares of the auto parts company's stock after purchasing an additional 31,364 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in BorgWarner were worth $1,435,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of BorgWarner in the fourth quarter valued at approximately $62,180,000. Bank of America Corp DE grew its holdings in shares of BorgWarner by 91.9% during the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company's stock worth $123,311,000 after purchasing an additional 1,857,907 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of BorgWarner by 8,137.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company's stock worth $41,297,000 after purchasing an additional 1,283,287 shares in the last quarter. LSV Asset Management grew its holdings in shares of BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after purchasing an additional 792,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of BorgWarner by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after purchasing an additional 753,344 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.35 during midday trading on Tuesday, reaching $35.19. The company's stock had a trading volume of 2,107,052 shares, compared to its average volume of 2,720,173. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The company has a market capitalization of $7.73 billion, a P/E ratio of 28.15, a P/E/G ratio of 1.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60. The business's fifty day simple moving average is $32.77 and its 200-day simple moving average is $30.74.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating 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 company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company posted $1.03 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.25%. BorgWarner's dividend payout ratio is 35.20%.

Wall Street Analyst Weigh In

Several research analysts recently commented on BWA shares. Piper Sandler reaffirmed an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of BorgWarner in a research report on Thursday, May 22nd. Robert W. Baird raised their target price on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Bank of America raised their target price on BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wall Street Zen raised BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Finally, Guggenheim reduced their target price on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.53.

Insider Buying and Selling at BorgWarner

In related news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner 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 completion of the sale, the executive vice president directly owned 214,521 shares in the company, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president owned 63,445 shares of the company's stock, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

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.