Oregon Public Employees Retirement Fund Grows Stake in BorgWarner Inc. (BWA)

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Oregon Public Employees Retirement Fund raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 52.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,947 shares of the auto parts company’s stock after buying an additional 39,353 shares during the quarter. Oregon Public Employees Retirement Fund owned about 0.06% of BorgWarner worth $4,961,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of BorgWarner by 14.5% during the 2nd quarter. BlackRock Inc. now owns 19,874,263 shares of the auto parts company’s stock valued at $857,773,000 after acquiring an additional 2,517,481 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of BorgWarner by 64.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,237,265 shares of the auto parts company’s stock valued at $53,400,000 after acquiring an additional 486,165 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of BorgWarner by 36.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,711,868 shares of the auto parts company’s stock valued at $85,988,000 after acquiring an additional 460,476 shares during the last quarter. FMR LLC boosted its position in shares of BorgWarner by 65.1% during the 2nd quarter. FMR LLC now owns 1,162,751 shares of the auto parts company’s stock valued at $50,184,000 after acquiring an additional 458,280 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of BorgWarner by 278.1% during the 1st quarter. Millennium Management LLC now owns 511,227 shares of the auto parts company’s stock valued at $25,679,000 after acquiring an additional 376,030 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

NYSE BWA opened at $43.67 on Friday. BorgWarner Inc. has a 12 month low of $42.06 and a 12 month high of $58.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.58. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.23 and a beta of 1.88.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 26th. The auto parts company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.08. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. BorgWarner’s revenue for the quarter was up 12.7% compared to the same quarter last year. analysts predict that BorgWarner Inc. will post 4.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.56%. BorgWarner’s payout ratio is currently 17.48%.

BWA has been the topic of several recent research reports. Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and boosted their price target for the company from $56.00 to $58.00 in a research report on Monday, June 25th. Wells Fargo & Co raised shares of BorgWarner from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $57.00 to $56.00 in a research report on Wednesday, July 18th. Citigroup lowered their price target on shares of BorgWarner from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, July 30th. Oppenheimer lowered their price target on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, July 23rd. Finally, ValuEngine cut shares of BorgWarner from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. BorgWarner has a consensus rating of “Buy” and a consensus target price of $57.73.

In other BorgWarner news, VP Thomas J. Mcgill sold 3,260 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $44.55, for a total transaction of $145,233.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 4,590 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $46.01, for a total transaction of $211,185.90. Following the sale, the executive vice president now owns 34,982 shares in the company, valued at $1,609,521.82. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

BorgWarner Company Profile

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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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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