BorgWarner Inc. (NYSE:BWA) Stock Position Reduced by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lowered its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 55.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 95,758 shares of the auto parts company's stock after selling 119,231 shares during the quarter. Treasurer of the State of North Carolina's holdings in BorgWarner were worth $3,044,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. acquired a new position in shares of BorgWarner during the fourth quarter worth about $45,000. Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in BorgWarner in the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner in the third quarter valued at approximately $62,000. Finally, Principal Securities Inc. raised its stake in shares of BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction dated Monday, March 10th. The shares were 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 owns 242,257 shares of the company's stock, 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 SEC, which is available through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,347,701 in the last ninety days. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BWA. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Barclays dropped their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. 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 note on Tuesday. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and an average price target of $37.19.

BorgWarner Stock Performance

Shares of NYSE BWA traded up $0.64 during midday trading on Tuesday, hitting $26.90. The company's stock had a trading volume of 1,412,100 shares, compared to its average volume of 2,787,973. The firm has a market cap of $5.91 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. The firm's fifty day moving average price is $28.28 and its 200-day moving average price is $31.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is 30.77%.

BorgWarner Company 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.