Strs Ohio Has $41.97 Million Stake in BorgWarner Inc. (NYSE:BWA)

Strs Ohio increased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 999,768 shares of the auto parts company’s stock after acquiring an additional 5,970 shares during the period. Strs Ohio’s holdings in BorgWarner were worth $41,970,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Mason Street Advisors LLC raised its holdings in shares of BorgWarner by 0.9% during the first quarter. Mason Street Advisors LLC now owns 29,631 shares of the auto parts company’s stock worth $1,138,000 after acquiring an additional 267 shares during the period. State Treasurer State of Michigan raised its holdings in shares of BorgWarner by 0.5% during the first quarter. State Treasurer State of Michigan now owns 59,896 shares of the auto parts company’s stock worth $2,301,000 after acquiring an additional 300 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of BorgWarner by 3.6% during the second quarter. SeaCrest Wealth Management LLC now owns 8,661 shares of the auto parts company’s stock worth $364,000 after acquiring an additional 302 shares during the period. Advisor Partners LLC raised its holdings in shares of BorgWarner by 3.0% during the first quarter. Advisor Partners LLC now owns 11,667 shares of the auto parts company’s stock worth $448,000 after acquiring an additional 337 shares during the period. Finally, Regentatlantic Capital LLC raised its holdings in shares of BorgWarner by 5.9% during the first quarter. Regentatlantic Capital LLC now owns 6,867 shares of the auto parts company’s stock worth $264,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 90.12% of the company’s stock.

Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of BorgWarner from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th. Citigroup lowered their price target on shares of BorgWarner from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Robert W. Baird set a $51.00 price target on shares of BorgWarner and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Barclays reiterated a “buy” rating and issued a $44.00 price target on shares of BorgWarner in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $46.93.

Shares of BorgWarner stock traded down $0.08 during trading on Tuesday, hitting $34.39. 329,385 shares of the stock were exchanged, compared to its average volume of 2,007,872. The firm has a market cap of $7.40 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.19 and a beta of 1.82. The stock has a fifty day moving average of $40.10. BorgWarner Inc. has a 1-year low of $32.46 and a 1-year high of $46.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.52 billion. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. BorgWarner’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Equities research analysts expect that BorgWarner Inc. will post 3.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.98%. BorgWarner’s dividend payout ratio is presently 15.18%.

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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