Alaska Permanent Fund Corp Grows Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Alaska Permanent Fund Corp grew its stake in BorgWarner Inc. (NYSE:BWA) by 7.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,527 shares of the auto parts company’s stock after acquiring an additional 3,727 shares during the quarter. Alaska Permanent Fund Corp’s holdings in BorgWarner were worth $1,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in BorgWarner in the 3rd quarter valued at $28,000. Sound Income Strategies LLC purchased a new stake in shares of BorgWarner in the fourth quarter valued at about $32,000. Bruce G. Allen Investments LLC acquired a new stake in BorgWarner during the fourth quarter worth about $33,000. Trust Co. of Vermont raised its stake in BorgWarner by 49,000.0% during the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 980 shares during the period. Finally, NBC Securities Inc. acquired a new position in BorgWarner in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BWA. StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. Robert W. Baird cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $45.00 to $39.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, Barclays lifted their target price on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Buying and Selling

In other news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the sale, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock worth $9,015,478 in the last 90 days. Company insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $32.83 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The firm has a market capitalization of $7.54 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.01 and a beta of 1.31. The company’s fifty day moving average price is $32.63 and its 200 day moving average price is $33.99.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that BorgWarner Inc. will post 3.89 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a yield of 1.34%. BorgWarner’s dividend payout ratio (DPR) is 16.48%.

BorgWarner 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.