State of Alaska Department of Revenue Buys 6,555 Shares of BorgWarner Inc. (NYSE:BWA)

State of Alaska Department of Revenue raised its stake in BorgWarner Inc. (NYSE:BWAGet Rating) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,992 shares of the auto parts company’s stock after buying an additional 6,555 shares during the period. State of Alaska Department of Revenue’s holdings in BorgWarner were worth $2,802,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of BorgWarner in the 1st quarter valued at about $27,000. Capital Advisors Ltd. LLC boosted its position in shares of BorgWarner by 7,755.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 707 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 698 shares in the last quarter. Northern Oak Wealth Management Inc. bought a new stake in shares of BorgWarner during the 4th quarter valued at about $32,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of BorgWarner during the 1st quarter valued at about $39,000. Finally, FinTrust Capital Advisors LLC boosted its position in shares of BorgWarner by 320.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,128 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 860 shares in the last quarter. Institutional investors own 92.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup upped their target price on BorgWarner from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Morgan Stanley restated a “maintains” rating and set a $32.00 price target (up previously from $30.00) on shares of BorgWarner in a research note on Thursday, August 4th. Bank of America decreased their price target on shares of BorgWarner from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 9th. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Friday, July 15th. Finally, Robert W. Baird boosted their price target on shares of BorgWarner from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, BorgWarner presently has an average rating of “Hold” and a consensus price target of $47.78.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $34.71 on Friday. The company’s 50-day moving average is $37.63 and its 200 day moving average is $37.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.32 and a current ratio of 1.77. The company has a market capitalization of $8.22 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.37. BorgWarner Inc. has a fifty-two week low of $32.28 and a fifty-two week high of $50.09.

BorgWarner (NYSE:BWAGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.70 billion. BorgWarner had a net margin of 4.36% and a return on equity of 13.13%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. On average, equities research analysts forecast that BorgWarner Inc. will post 4.27 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, August 31st. BorgWarner’s dividend payout ratio (DPR) is presently 25.28%.

About BorgWarner

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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment 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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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