Illinois Municipal Retirement Fund Grows Holdings in BorgWarner Inc. (NYSE:BWA)

Illinois Municipal Retirement Fund lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,170 shares of the auto parts company’s stock after buying an additional 17,300 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in BorgWarner were worth $2,676,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in BorgWarner during the fourth quarter worth approximately $343,000. Todd Asset Management LLC lifted its stake in shares of BorgWarner by 33.6% during the 4th quarter. Todd Asset Management LLC now owns 992,166 shares of the auto parts company’s stock worth $31,541,000 after purchasing an additional 249,550 shares during the period. Blackhawk Capital Partners LLC. acquired a new stake in shares of BorgWarner during the fourth quarter worth $280,000. Howard Capital Management Inc. grew its position in shares of BorgWarner by 11.2% in the fourth quarter. Howard Capital Management Inc. now owns 84,811 shares of the auto parts company’s stock valued at $2,696,000 after purchasing an additional 8,532 shares during the period. Finally, Olympiad Research LP acquired a new position in BorgWarner in the fourth quarter valued at $430,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Down 1.5 %

NYSE:BWA opened at $29.61 on Friday. The business’s 50-day moving average is $31.28 and its two-hundred day moving average is $33.00. The firm has a market capitalization of $6.47 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner’s payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

BWA has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Evercore ISI cut their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays cut their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.57.

Insider Activity

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

About BorgWarner

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.