Alaska Permanent Fund Corp Raises Stock Position in BorgWarner Inc. (NYSE:BWA)

Alaska Permanent Fund Corp increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,527 shares of the auto parts company’s stock after acquiring an additional 3,727 shares during the period. Alaska Permanent Fund Corp’s holdings in BorgWarner were worth $1,955,000 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 BWA. UMB Bank n.a. increased its position in shares of BorgWarner by 7.1% in the third quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock worth $200,000 after purchasing an additional 327 shares during the last quarter. NewEdge Wealth LLC increased its stake in BorgWarner by 5.8% in the third quarter. NewEdge Wealth LLC now owns 6,206 shares of the auto parts company’s stock valued at $251,000 after acquiring an additional 339 shares during the last quarter. Global Retirement Partners LLC raised its position in BorgWarner by 14.4% during the third quarter. Global Retirement Partners LLC now owns 2,800 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 353 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of BorgWarner by 1.8% in the 3rd quarter. Bank of Nova Scotia now owns 21,842 shares of the auto parts company’s stock worth $882,000 after purchasing an additional 389 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its position in shares of BorgWarner by 4.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 9,391 shares of the auto parts company’s stock valued at $379,000 after purchasing an additional 390 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Down 2.5 %

NYSE BWA opened at $32.83 on Friday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $32.63 and its 200-day moving average price is $33.99. The stock has a market cap of $7.54 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.01 and a beta of 1.31.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. As a group, equities analysts forecast that BorgWarner Inc. will post 3.89 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 16.48%.

Analysts Set New Price Targets

Several analysts have issued reports on BWA shares. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Piper Sandler started coverage on shares of BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 price target for the company. Barclays raised their price objective on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.30.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now directly owns 252,013 shares in the company, valued at $7,885,486.77. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock worth $9,015,478 in the last three months. Insiders own 0.45% of the company’s stock.

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.