Canada Pension Plan Investment Board Acquires 126,300 Shares of BorgWarner Inc. (NYSE:BWA)

Canada Pension Plan Investment Board lifted its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 93.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,000 shares of the auto parts company's stock after acquiring an additional 126,300 shares during the period. Canada Pension Plan Investment Board owned about 0.12% of BorgWarner worth $8,329,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in BorgWarner by 14.7% in the third quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock worth $16,092,000 after buying an additional 56,988 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in BorgWarner by 8.4% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company's stock valued at $258,000 after purchasing an additional 550 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner during the 3rd quarter valued at about $62,000. Peapack Gladstone Financial Corp grew its position in BorgWarner by 2.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 107,336 shares of the auto parts company's stock worth $3,896,000 after purchasing an additional 2,067 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of BorgWarner by 292.9% in the third quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company's stock valued at $8,986,000 after purchasing an additional 189,081 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BWA has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Evercore ISI lowered their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. UBS Group reaffirmed a "neutral" rating and set a $31.00 target price (down from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and upped their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Finally, Barclays lowered their price objective on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.19.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 over the last 90 days. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Down 0.5 %

Shares of BorgWarner stock traded down $0.15 during trading on Friday, hitting $28.28. 1,666,842 shares of the stock traded hands, compared to its average volume of 2,784,837. The stock has a market cap of $6.21 billion, a P/E ratio of 19.78, a PEG ratio of 0.77 and a beta of 1.12. The company has a fifty day moving average price of $28.18 and a two-hundred day moving average price of $31.36. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results 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 2.40% and a return on equity of 15.93%. Equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.56%. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

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.