State of Alaska Department of Revenue Acquires 25,475 Shares of BorgWarner Inc. (NYSE:BWA)

State of Alaska Department of Revenue boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 96.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,935 shares of the auto parts company's stock after acquiring an additional 25,475 shares during the period. State of Alaska Department of Revenue's holdings in BorgWarner were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock worth $1,003,000 after acquiring an additional 394 shares in the last quarter. Mirabella Financial Services LLP bought a new position in BorgWarner during the third quarter worth about $908,000. Merit Financial Group LLC lifted its holdings in BorgWarner by 33.2% during the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company's stock worth $579,000 after acquiring an additional 4,537 shares in the last quarter. Swedbank AB lifted its holdings in BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock worth $30,633,000 after acquiring an additional 593,265 shares in the last quarter. Finally, HITE Hedge Asset Management LLC lifted its holdings in BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company's stock worth $10,536,000 after acquiring an additional 64,126 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stefan Demmerle sold 20,544 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

BorgWarner Stock Up 2.9 %

BWA traded up $0.84 on Friday, hitting $30.24. 2,915,066 shares of the company were exchanged, compared to its average volume of 2,566,885. The stock's fifty day moving average is $31.95 and its 200-day moving average is $33.18. The company has a market cap of $6.61 billion, a PE ratio of 21.15, a PEG ratio of 0.63 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. Equities research analysts predict that BorgWarner Inc. will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 1.46%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BWA shares. Guggenheim restated a "buy" rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Wells Fargo & Company boosted 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. Finally, Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.20.

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.