Teacher Retirement System of Texas Grows Stake in BorgWarner Inc. (NYSE:BWA)

Teacher Retirement System of Texas boosted its position in BorgWarner Inc. (NYSE:BWA) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,546 shares of the auto parts company’s stock after purchasing an additional 28,936 shares during the period. Teacher Retirement System of Texas owned about 0.06% of BorgWarner worth $4,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of BorgWarner during the 3rd quarter worth $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner in the third quarter worth about $38,000. Avior Wealth Management LLC raised its position 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 period. Generali Asset Management SPA SGR purchased a new stake in shares of BorgWarner during the 4th quarter valued at approximately $59,000. Finally, Wilmington Savings Fund Society FSB bought a new position in BorgWarner in the 3rd quarter worth approximately $62,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Performance

BorgWarner stock opened at $29.47 on Tuesday. The firm has a fifty day simple moving average of $30.31 and a two-hundred day simple moving average of $32.51. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $27.65 and a twelve month high of $38.23. The company has a market capitalization of $6.47 billion, a PE ratio of 20.61, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. Research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.49%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the 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 transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BWA shares. Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Wells Fargo & Company upped their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Guggenheim set a $38.00 target price on shares of BorgWarner in a research note on Wednesday, March 5th. Finally, Morgan Stanley reduced their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.06.

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.