New York State Teachers Retirement System Has $6.71 Million Stake in BorgWarner Inc. (NYSE:BWA)

New York State Teachers Retirement System raised its holdings in BorgWarner Inc. (NYSE:BWA) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,203 shares of the auto parts company’s stock after acquiring an additional 6,814 shares during the period. New York State Teachers Retirement System’s holdings in BorgWarner were worth $6,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC bought a new position in shares of BorgWarner during the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC raised its holdings in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $62,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $78,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

BorgWarner Price Performance

BorgWarner stock opened at $29.68 on Thursday. The firm has a market cap of $6.49 billion, a P/E ratio of 20.75, a P/E/G ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The stock’s 50 day moving average is $31.67 and its 200 day moving average is $33.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.48%. BorgWarner’s dividend payout ratio is currently 30.77%.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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.