Ontario Teachers Pension Plan Board acquired a new position in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 14,061 shares of the auto parts company’s stock, valued at approximately $718,000.
Other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of BorgWarner in the fourth quarter worth $119,000. Calton & Associates Inc. acquired a new stake in shares of BorgWarner in the fourth quarter worth $150,000. Zeke Capital Advisors LLC acquired a new stake in BorgWarner during the third quarter worth $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in BorgWarner during the third quarter worth $202,000. Finally, Rothschild Investment Corp IL acquired a new stake in BorgWarner during the third quarter worth $205,000. Institutional investors and hedge funds own 96.75% of the company’s stock.
BorgWarner Inc. (BWA) opened at $50.09 on Wednesday. The stock has a market capitalization of $10,929.66, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.82. BorgWarner Inc. has a twelve month low of $37.54 and a twelve month high of $58.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. BorgWarner’s payout ratio is presently 32.85%.
In related news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the transaction, the vice president now directly owns 16,197 shares of the company’s stock, valued at $847,912.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reiterated a “hold” rating and set a $58.00 price target on shares of BorgWarner in a research note on Sunday, January 21st. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Oppenheimer assumed coverage on shares of BorgWarner in a research note on Thursday, December 7th. They set an “outperform” rating and a $63.00 price target on the stock. Finally, Wells Fargo & Co lifted their price target on shares of BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.59.
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BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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