California Public Employees Retirement System Grows Holdings in BorgWarner Inc. (NYSE:BWA)

California Public Employees Retirement System grew its stake in BorgWarner Inc. (NYSE:BWAFree Report) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,773 shares of the auto parts company’s stock after buying an additional 17,690 shares during the period. California Public Employees Retirement System owned approximately 0.21% of BorgWarner worth $20,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MRP Capital Investments LLC boosted its stake in shares of BorgWarner by 11,677.5% in the 3rd quarter. MRP Capital Investments LLC now owns 23,555 shares of the auto parts company’s stock valued at $951,000 after purchasing an additional 23,355 shares in the last quarter. Todd Asset Management LLC boosted its stake in shares of BorgWarner by 79.1% in the 3rd quarter. Todd Asset Management LLC now owns 681,966 shares of the auto parts company’s stock valued at $27,531,000 after purchasing an additional 301,088 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of BorgWarner by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock valued at $220,561,000 after purchasing an additional 166,007 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of BorgWarner by 11.4% in the 3rd quarter. Empirical Finance LLC now owns 8,124 shares of the auto parts company’s stock valued at $328,000 after purchasing an additional 833 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of BorgWarner by 8.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,689 shares of the auto parts company’s stock valued at $795,000 after purchasing an additional 1,567 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

BorgWarner Stock Up 1.6 %

BWA stock traded up $0.54 during trading on Friday, hitting $34.33. 895,855 shares of the stock traded hands, compared to its average volume of 2,443,086. BorgWarner Inc. has a 1 year low of $31.63 and a 1 year high of $51.14. The firm’s 50 day moving average is $34.23 and its two-hundred day moving average is $38.16. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.28.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. BorgWarner had a net margin of 4.42% and a return on equity of 15.15%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.72 billion. On average, sell-side analysts anticipate that BorgWarner Inc. will post 3.77 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, November 30th. BorgWarner’s payout ratio is presently 14.19%.

Analyst Ratings Changes

A number of research firms recently commented on BWA. Robert W. Baird lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. The Goldman Sachs Group lowered their price target on shares of BorgWarner from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company lowered their price target on shares of BorgWarner from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, October 3rd. Finally, Barclays lowered their price target on shares of BorgWarner from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average target price of $46.70.

Read Our Latest Stock Report on BorgWarner

BorgWarner Company Profile

(Free Report)

BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

Further Reading

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.