Treasurer of the State of North Carolina Cuts Position in BorgWarner Inc. (NYSE:BWA)

Treasurer of the State of North Carolina cut its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 55.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 95,758 shares of the auto parts company's stock after selling 119,231 shares during the quarter. Treasurer of the State of North Carolina's holdings in BorgWarner were worth $3,044,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BWA. Avior Wealth Management LLC increased its stake in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after buying an additional 342 shares during the period. Janney Montgomery Scott LLC raised its position in shares of BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after purchasing an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after buying an additional 393 shares during the period. Wellington Management Group LLP grew its stake in BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after buying an additional 394 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in BorgWarner by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock worth $1,537,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Trading Up 1.5 %

Shares of BorgWarner stock traded up $0.40 on Friday, hitting $26.42. 1,371,504 shares of the company's stock traded hands, compared to its average volume of 2,795,759. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a fifty day moving average of $28.38 and a two-hundred day moving average of $31.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a one year low of $24.40 and a one year high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BWA. JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Wells Fargo & Company lifted 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. Piper Sandler lowered their target price on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. UBS Group reiterated a "neutral" rating and issued a $31.00 price objective (down from $38.00) on shares of BorgWarner in a research report on Thursday, April 10th. Finally, Morgan Stanley reduced 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. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.50.

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.