BorgWarner Inc. (NYSE:BWA) Shares Sold by New Mexico Educational Retirement Board

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New Mexico Educational Retirement Board cut its stake in BorgWarner Inc. (NYSE:BWA) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the auto parts company’s stock after selling 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in BorgWarner were worth $587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in BorgWarner in the second quarter valued at $25,000. Westside Investment Management Inc. acquired a new stake in BorgWarner in the second quarter valued at $27,000. Sandy Spring Bank acquired a new stake in BorgWarner in the second quarter valued at $27,000. Usca Ria LLC acquired a new stake in BorgWarner in the third quarter valued at $31,000. Finally, CSat Investment Advisory L.P. raised its holdings in BorgWarner by 60.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock valued at $64,000 after acquiring an additional 575 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BWA opened at $42.47 on Tuesday. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.85. BorgWarner Inc. has a 1-year low of $30.71 and a 1-year high of $46.60. The company’s fifty day moving average is $42.06 and its two-hundred day moving average is $38.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.58.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.11. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Sell-side analysts expect that BorgWarner Inc. will post 3.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.17 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.60%. BorgWarner’s dividend payout ratio (DPR) is presently 15.18%.

BWA has been the topic of several recent analyst reports. UBS Group cut their price target on shares of BorgWarner from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Wolfe Research cut shares of BorgWarner from an “outperform” rating to a “peer perform” rating and dropped their target price for the stock from $50.00 to $46.00 in a report on Friday, November 22nd. TheStreet raised shares of BorgWarner from a “c+” rating to a “b-” rating in a report on Tuesday, November 5th. Oppenheimer set a $47.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays reissued a “buy” rating and set a $46.00 target price on shares of BorgWarner in a report on Sunday, November 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $45.67.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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