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.
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%.
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.
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