117,082 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 117,082 shares of the auto parts company's stock, valued at approximately $3,722,000. Public Employees Retirement System of Ohio owned about 0.05% of BorgWarner as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its stake in BorgWarner by 4.0% during the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after purchasing an additional 595 shares during the last quarter. Norges Bank purchased a new stake in BorgWarner during the 4th quarter valued at about $62,180,000. State of Alaska Department of Revenue grew its stake in BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock valued at $1,650,000 after purchasing an additional 25,475 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in BorgWarner during the 4th quarter valued at about $1,197,000. Finally, AIA Group Ltd purchased a new stake in BorgWarner during the 4th quarter valued at about $1,599,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

NYSE:BWA traded down $0.33 during trading hours on Friday, hitting $33.12. 2,020,989 shares of the stock were exchanged, compared to its average volume of 2,690,549. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The firm's fifty day moving average price is $29.34 and its 200 day moving average price is $30.84. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.28 billion, a P/E ratio of 23.16, a P/E/G ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the business earned $1.03 EPS. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI decreased their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Morgan Stanley decreased their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Barclays decreased their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wall Street Zen raised BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Finally, Robert W. Baird boosted their price objective on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.73.

Insider Activity

In other news, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,036 shares of company stock worth $2,017,364 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

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.