Retirement Systems of Alabama Buys 109,468 Shares of BorgWarner Inc. (NYSE:BWA)

Retirement Systems of Alabama lifted its position in BorgWarner Inc. (NYSE:BWA) by 18.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 701,618 shares of the auto parts company’s stock after acquiring an additional 109,468 shares during the quarter. Retirement Systems of Alabama’s holdings in BorgWarner were worth $25,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BWA. Victory Capital Management Inc. increased its position in shares of BorgWarner by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 8,719,779 shares of the auto parts company’s stock valued at $352,017,000 after purchasing an additional 106,453 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of BorgWarner by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after purchasing an additional 166,007 shares during the period. Boston Partners lifted its stake in BorgWarner by 58.9% in the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after purchasing an additional 1,951,783 shares during the last quarter. Invesco Ltd. grew its holdings in BorgWarner by 30.4% during the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after purchasing an additional 1,024,361 shares during the period. Finally, American Century Companies Inc. grew its holdings in BorgWarner by 18.3% during the third quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock valued at $169,132,000 after purchasing an additional 648,633 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

BorgWarner stock opened at $33.73 on Tuesday. The business has a 50-day simple moving average of $32.71 and a 200 day simple moving average of $33.86. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.99 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. On average, research analysts forecast that BorgWarner Inc. will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BWA. Robert W. Baird cut BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.63% of the stock is currently owned by 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.