Teachers Advisors LLC cut its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,272 shares of the auto parts company’s stock after selling 1,132 shares during the quarter. Teachers Advisors LLC owned approximately 0.15% of BorgWarner worth $13,145,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc boosted its holdings in BorgWarner by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 21,712,547 shares of the auto parts company’s stock valued at $928,863,000 after acquiring an additional 522,490 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in BorgWarner by 8.7% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 9,109,086 shares of the auto parts company’s stock valued at $389,687,000 after acquiring an additional 728,700 shares during the period. JPMorgan Chase & Co. boosted its holdings in BorgWarner by 33.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,635,725 shares of the auto parts company’s stock valued at $283,875,000 after acquiring an additional 1,661,618 shares during the period. Alecta Pensionsforsakring Omsesidigt boosted its holdings in BorgWarner by 4.7% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 5,545,000 shares of the auto parts company’s stock valued at $237,160,000 after acquiring an additional 250,000 shares during the period. Finally, LSV Asset Management boosted its holdings in BorgWarner by 7.4% during the 3rd quarter. LSV Asset Management now owns 4,753,551 shares of the auto parts company’s stock valued at $203,356,000 after acquiring an additional 327,098 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.
Several equities research analysts recently weighed in on the company. ValuEngine cut BorgWarner from a “sell” rating to a “strong sell” rating in a report on Friday. TheStreet upgraded BorgWarner from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Morgan Stanley set a $53.00 target price on BorgWarner and gave the company a “buy” rating in a report on Tuesday, January 29th. Barclays set a $36.00 price objective on BorgWarner and gave the stock a “hold” rating in a report on Friday, January 4th. Finally, Zacks Investment Research upgraded 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.86.
NYSE BWA traded up $0.24 on Monday, hitting $38.52. The company’s stock had a trading volume of 189,127 shares, compared to its average volume of 1,461,214. BorgWarner Inc. has a 52-week low of $32.46 and a 52-week high of $54.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.66. The stock has a market cap of $7.97 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.03 and a beta of 1.79.
In other news, Director Alexis P. Michas sold 10,003 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $39.99, for a total value of $400,019.97. Following the completion of the transaction, the director now owns 78,223 shares in the company, valued at approximately $3,128,137.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Deborah D. Mcwhinney bought 1,421 shares of the stock in a transaction dated Wednesday, December 19th. The stock was purchased at an average price of $35.14 per share, with a total value of $49,933.94. The disclosure for this purchase can be found here. Company insiders own 0.74% of the company’s stock.
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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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