Teacher Retirement System of Texas Purchases 28,936 Shares of BorgWarner Inc. (NYSE:BWA)

Teacher Retirement System of Texas increased its holdings in BorgWarner Inc. (NYSE:BWA) by 25.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 140,546 shares of the auto parts company’s stock after buying an additional 28,936 shares during the quarter. Teacher Retirement System of Texas’ holdings in BorgWarner were worth $4,468,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of BorgWarner in the third quarter worth approximately $32,000. True Wealth Design LLC purchased a new stake in BorgWarner in the third quarter worth approximately $38,000. Avior Wealth Management LLC grew its position 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 worth $46,000 after purchasing an additional 342 shares during the period. Generali Asset Management SPA SGR purchased a new stake in BorgWarner during the 4th quarter valued at $59,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler cut their price objective on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Morgan Stanley reduced their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Barclays cut their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. Finally, TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction 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 approximately $1,125,976.90. The trade was 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 quarter. 0.45% of the stock is owned by corporate insiders.

BorgWarner Trading Up 2.7 %

BWA stock opened at $29.47 on Tuesday. 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 1-year low of $27.65 and a 1-year high of $38.23. The business has a 50 day simple moving average of $30.31 and a two-hundred day simple moving average of $32.51. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. Research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s payout ratio is presently 30.77%.

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.