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

Retirement Systems of Alabama trimmed its position in BorgWarner Inc. (NYSE:BWA) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 607,803 shares of the auto parts company’s stock after selling 2,956 shares during the period. Retirement Systems of Alabama owned approximately 0.28% of BorgWarner worth $19,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Matrix Trust Co bought a new stake in BorgWarner in the 3rd quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner in the third quarter worth $38,000. Avior Wealth Management LLC boosted its holdings in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Co. of Vermont grew its position in BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 645 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In related news, CEO Frederic Lissalde sold 154,000 shares of the business’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 directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. The trade was a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the sale, 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 sold 222,010 shares of company stock valued at $7,678,076 in the last quarter. Company insiders own 0.63% of the company’s stock.

BorgWarner Stock Performance

NYSE:BWA opened at $30.18 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $32.50 and a 200 day simple moving average of $33.30. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The stock has a market cap of $6.60 billion, a P/E ratio of 7.66, a PEG ratio of 0.66 and a beta of 1.18.

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

Analyst Ratings Changes

Several equities research analysts have commented on BWA shares. The Goldman Sachs Group cut their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Guggenheim reiterated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Wells Fargo & Company lowered their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

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.