South Dakota Investment Council Sells 3,500 Shares of BorgWarner Inc. (NYSE:BWA)

South Dakota Investment Council lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 14.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,537 shares of the auto parts company’s stock after selling 3,500 shares during the quarter. South Dakota Investment Council’s holdings in BorgWarner were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWA. Raymond James & Associates increased its stake in BorgWarner by 8.0% in the 3rd quarter. Raymond James & Associates now owns 192,002 shares of the auto parts company’s stock worth $6,968,000 after buying an additional 14,165 shares during the period. Allspring Global Investments Holdings LLC grew its stake in BorgWarner by 51.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,794 shares of the auto parts company’s stock worth $646,000 after acquiring an additional 6,076 shares in the last quarter. Private Advisor Group LLC increased its position in shares of BorgWarner by 8.4% during the third quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock worth $256,000 after acquiring an additional 549 shares during the period. International Assets Investment Management LLC bought a new stake in shares of BorgWarner during the third quarter valued at approximately $11,960,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of BorgWarner by 74.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,409 shares of the auto parts company’s stock valued at $640,000 after purchasing an additional 7,414 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 2.5 %

BorgWarner stock opened at $29.49 on Monday. BorgWarner Inc. has a 1-year low of $28.65 and a 1-year high of $38.22. The business has a fifty day moving average price of $31.48 and a 200-day moving average price of $33.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BWA shares. Barclays decreased their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Wells Fargo & Company increased their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Guggenheim restated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Finally, Evercore ISI lowered their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.57.

About BorgWarner

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.