BorgWarner Inc. (BWA) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in BorgWarner Inc. (NYSE:BWA) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,317 shares of the auto parts company’s stock after buying an additional 4,757 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of BorgWarner worth $6,625,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in BorgWarner by 6.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 38,850 shares of the auto parts company’s stock worth $1,646,000 after buying an additional 2,320 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in BorgWarner by 3.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 977,910 shares of the auto parts company’s stock worth $41,425,000 after buying an additional 33,794 shares during the last quarter. Legal & General Group Plc boosted its stake in BorgWarner by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 1,101,656 shares of the auto parts company’s stock worth $46,665,000 after buying an additional 57,855 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in BorgWarner by 1.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 327,730 shares of the auto parts company’s stock worth $13,883,000 after buying an additional 6,146 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in BorgWarner by 270.7% in the 2nd quarter. Federated Investors Inc. PA now owns 12,816 shares of the auto parts company’s stock worth $543,000 after buying an additional 9,359 shares during the last quarter. Institutional investors and hedge funds own 95.15% of the company’s stock.

In related news, VP Joel Wiegert sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now owns 16,197 shares in the company, valued at approximately $847,912.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

A number of analysts have issued reports on BWA shares. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, August 29th. Deutsche Bank downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a report on Thursday, October 12th. Citigroup raised their price objective on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, Barclays set a $50.00 price objective on BorgWarner and gave the stock a “hold” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. BorgWarner has a consensus rating of “Hold” and a consensus target price of $51.12.

Shares of BorgWarner Inc. (NYSE BWA) opened at $51.71 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. BorgWarner Inc. has a twelve month low of $37.54 and a twelve month high of $55.86. The stock has a market capitalization of $10,840.00, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.75.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the business earned $0.78 EPS. BorgWarner’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts anticipate that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.17 dividend. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. BorgWarner’s dividend payout ratio (DPR) is presently 49.28%.

ILLEGAL ACTIVITY NOTICE: “BorgWarner Inc. (BWA) Shares Bought by Public Employees Retirement System of Ohio” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/24/borgwarner-inc-bwa-shares-bought-by-public-employees-retirement-system-of-ohio.html.

About BorgWarner

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 & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit