Oregon Public Employees Retirement Fund Has $596,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Oregon Public Employees Retirement Fund cut its position in shares of BorgWarner Inc. (NYSE:BWA) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,736 shares of the auto parts company’s stock after selling 765 shares during the period. Oregon Public Employees Retirement Fund’s holdings in BorgWarner were worth $596,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BWA. Private Advisor Group LLC increased its stake in shares of BorgWarner by 8.4% during the 3rd quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock worth $256,000 after purchasing an additional 549 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of BorgWarner by 74.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,409 shares of the auto parts company’s stock worth $640,000 after purchasing an additional 7,414 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of BorgWarner by 6.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 26,460 shares of the auto parts company’s stock worth $960,000 after purchasing an additional 1,525 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of BorgWarner by 19.4% during the 3rd quarter. New York State Common Retirement Fund now owns 492,041 shares of the auto parts company’s stock worth $17,856,000 after purchasing an additional 80,106 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of BorgWarner by 50.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company’s stock worth $1,962,000 after purchasing an additional 18,175 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $29.80 on Monday. The firm has a 50 day moving average of $31.23 and a 200-day moving average of $33.00. The stock has a market capitalization of $6.52 billion, a PE ratio of 20.84, a PEG ratio of 0.77 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

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

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Guggenheim reaffirmed a “buy” rating and set a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Evercore ISI reduced their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, The Goldman Sachs Group reduced their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.57.

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.