Retirement Systems of Alabama Sells 2,956 Shares of BorgWarner Inc. (NYSE:BWA)

Retirement Systems of Alabama cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 607,803 shares of the auto parts company’s stock after selling 2,956 shares during the period. Retirement Systems of Alabama’s holdings in BorgWarner were worth $19,322,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of BorgWarner by 21,752.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares during the last quarter. Swedbank AB boosted its position in BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock valued at $51,454,000 after buying an additional 774,438 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after buying an additional 445,540 shares during the last quarter. Bridgewater Associates LP increased its holdings in shares of BorgWarner by 4,509.5% during the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after buying an additional 370,726 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in shares of BorgWarner by 22.5% in the 4th quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock valued at $62,427,000 after acquiring an additional 361,112 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Guggenheim reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $40.40.

BorgWarner Stock Down 3.2 %

Shares of BorgWarner stock opened at $30.18 on Friday. The stock’s 50-day moving average is $32.50 and its 200 day moving average is $33.30. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. Equities research analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current year.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 222,010 shares of company stock valued at $7,678,076. Corporate insiders own 0.63% 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.