BorgWarner Inc. (NYSE:BWA) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 31.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 669,149 shares of the auto parts company's stock after buying an additional 159,610 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.31% of BorgWarner worth $21,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of BorgWarner during the fourth quarter valued at $62,180,000. LSV Asset Management grew its stake in BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after purchasing an additional 792,100 shares during the last quarter. Swedbank AB lifted its holdings in shares of BorgWarner by 91.7% during the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock worth $51,454,000 after purchasing an additional 774,438 shares during the period. Dimensional Fund Advisors LP boosted its position in BorgWarner by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock valued at $358,720,000 after buying an additional 753,344 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after buying an additional 628,930 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Insider Activity at BorgWarner

In related 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 transaction of $407,160.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $1,347,701 in the last three months. 0.45% of the stock is owned by company insiders.

BorgWarner Trading Down 0.5 %

BorgWarner stock traded down $0.15 during mid-day trading on Friday, hitting $28.28. The company's stock had a trading volume of 1,666,798 shares, compared to its average volume of 2,784,837. The stock's fifty day moving average is $28.18 and its two-hundred day moving average is $31.36. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.21 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. On average, analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler cut their price target on BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Morgan Stanley dropped their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Evercore ISI decreased 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. Robert W. Baird dropped their price objective on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays decreased their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.19.

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.