BorgWarner Inc. (NYSE:BWA) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in BorgWarner Inc. (NYSE:BWA) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,460 shares of the auto parts company’s stock after acquiring an additional 1,525 shares during the quarter. State of Alaska Department of Revenue’s holdings in BorgWarner were worth $960,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BWA. Matrix Trust Co acquired a new position in shares of BorgWarner in the 3rd quarter worth approximately $25,000. LRI Investments LLC lifted its holdings in shares of BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 913 shares during the last quarter. Sentry Investment Management LLC acquired a new position in shares of BorgWarner in the 2nd quarter worth approximately $32,000. Olistico Wealth LLC acquired a new position in shares of BorgWarner in the 2nd quarter worth approximately $35,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of BorgWarner by 12,144.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by insiders.

BorgWarner Trading Up 1.7 %

NYSE BWA opened at $34.02 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The firm’s fifty day moving average price is $34.05 and its 200 day moving average price is $33.89. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the firm posted $0.98 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts expect that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday. Citigroup reduced their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Finally, Wolfe Research assumed coverage on shares of BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average target price of $41.44.

BorgWarner Company Profile

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.