California Public Employees Retirement System grew its holdings in BorgWarner Inc. (NYSE:BWA) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 529,500 shares of the auto parts company’s stock after acquiring an additional 6,700 shares during the quarter. California Public Employees Retirement System owned 0.25% of BorgWarner worth $22,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of BorgWarner by 1.5% in the second quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock valued at $867,128,000 after acquiring an additional 308,140 shares during the period. BlackRock Inc. boosted its position in shares of BorgWarner by 3,228.4% in the first quarter. BlackRock Inc. now owns 13,090,582 shares of the auto parts company’s stock valued at $547,056,000 after acquiring an additional 12,697,279 shares during the period. Boston Partners boosted its position in shares of BorgWarner by 2.2% in the second quarter. Boston Partners now owns 10,810,607 shares of the auto parts company’s stock valued at $457,937,000 after acquiring an additional 229,447 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of BorgWarner by 2.1% in the second quarter. Diamond Hill Capital Management Inc. now owns 8,486,663 shares of the auto parts company’s stock valued at $359,495,000 after acquiring an additional 176,245 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of BorgWarner by 16.1% in the second quarter. Victory Capital Management Inc. now owns 3,854,638 shares of the auto parts company’s stock valued at $163,282,000 after acquiring an additional 533,701 shares during the period. 91.09% of the stock is owned by institutional investors.

BorgWarner Inc. (NYSE:BWA) opened at 51.23 on Friday. The firm’s 50-day moving average price is $46.01 and its 200 day moving average price is $43.15. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 57.11 and a beta of 1.73. BorgWarner Inc. has a 1-year low of $33.09 and a 1-year high of $51.55.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, analysts predict that BorgWarner Inc. will post $3.70 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.09%. BorgWarner’s payout ratio is 62.92%.

TRADEMARK VIOLATION NOTICE: “California Public Employees Retirement System Boosts Stake in BorgWarner Inc. (BWA)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/09/30/california-public-employees-retirement-system-boosts-stake-in-borgwarner-inc-bwa.html.

In other news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the sale, the insider now directly owns 23,418 shares in the company, valued at approximately $1,062,708.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the sale, the executive vice president now owns 34,120 shares of the company’s stock, valued at $1,535,058.80. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Several research analysts recently commented on BWA shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $44.00 target price on shares of BorgWarner in a research report on Wednesday, July 12th. BidaskClub cut BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, September 5th. Guggenheim started coverage on BorgWarner in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of BorgWarner in a research report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. BorgWarner currently has an average rating of “Hold” and an average price target of $44.20.

BorgWarner Profile

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

Receive News & Stock Ratings for BorgWarner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner Inc. and related stocks with our FREE daily email newsletter.