Teachers Advisors LLC decreased its holdings in BorgWarner Inc. (NYSE:BWA) by 0.4% in the third quarter, HoldingsChannel reports. The firm owned 307,272 shares of the auto parts company’s stock after selling 1,132 shares during the quarter. Teachers Advisors LLC’s holdings in BorgWarner were worth $13,145,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of BorgWarner in the 3rd quarter worth $146,000. National Pension Service grew its holdings in shares of BorgWarner by 75.2% in the third quarter. National Pension Service now owns 4,980 shares of the auto parts company’s stock worth $213,000 after acquiring an additional 2,138 shares during the period. Boston Private Wealth LLC bought a new stake in shares of BorgWarner in the third quarter worth $231,000. CIBC World Markets Inc. bought a new stake in shares of BorgWarner in the third quarter worth $255,000. Finally, First Hawaiian Bank bought a new stake in shares of BorgWarner in the third quarter worth $312,000. 92.67% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on BWA. TheStreet raised BorgWarner from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Oppenheimer reaffirmed a “buy” rating and issued a $51.00 price objective on shares of BorgWarner in a report on Thursday, October 25th. Barclays set a $36.00 price objective on BorgWarner and gave the stock a “hold” rating in a report on Friday, January 4th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, January 3rd. Finally, Morgan Stanley set a $53.00 price objective on BorgWarner and gave the stock a “buy” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.86.
In related news, Director Alexis P. Michas sold 10,003 shares of BorgWarner stock in a transaction on Monday, November 26th. The stock was sold at an average price of $39.99, for a total transaction of $400,019.97. Following the transaction, the director now directly owns 78,223 shares in the company, valued at $3,128,137.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah D. Mcwhinney bought 1,421 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were bought at an average price of $35.14 per share, for a total transaction of $49,933.94. The disclosure for this purchase can be found here. 0.74% of the stock is currently owned by insiders.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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