Arizona State Retirement System lowered its position in BorgWarner Inc. (NYSE:BWA) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,195 shares of the auto parts company’s stock after selling 58,570 shares during the quarter. Arizona State Retirement System’s holdings in BorgWarner were worth $3,203,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Biechele Royce Advisors boosted its position in BorgWarner by 5.7% during the 3rd quarter. Biechele Royce Advisors now owns 133,330 shares of the auto parts company’s stock valued at $5,704,000 after acquiring an additional 7,140 shares in the last quarter. Vanguard Group Inc boosted its position in BorgWarner by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 21,712,547 shares of the auto parts company’s stock valued at $928,863,000 after acquiring an additional 522,490 shares in the last quarter. Fulton Bank N.A. boosted its position in BorgWarner by 18.9% during the 4th quarter. Fulton Bank N.A. now owns 6,985 shares of the auto parts company’s stock valued at $243,000 after acquiring an additional 1,109 shares in the last quarter. First Hawaiian Bank bought a new stake in BorgWarner during the 3rd quarter valued at $312,000. Finally, Bank of New York Mellon Corp boosted its position in BorgWarner by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,911,540 shares of the auto parts company’s stock valued at $81,776,000 after acquiring an additional 58,400 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on BWA. TheStreet cut BorgWarner from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. Morgan Stanley dropped their target price on BorgWarner from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Deutsche Bank began coverage on BorgWarner in a research report on Thursday, December 13th. They set a “buy” rating on the stock. Jefferies Financial Group began coverage on BorgWarner in a research report on Tuesday, December 4th. They set a “buy” rating and a $48.00 target price on the stock. Finally, Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.86.

Shares of BWA opened at $39.22 on Friday. BorgWarner Inc. has a 12 month low of $32.46 and a 12 month high of $54.47. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 0.50. The firm has a market cap of $8.53 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.79.

In other BorgWarner news, Director Deborah D. Mcwhinney acquired 1,421 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was purchased at an average price of $35.14 per share, for a total transaction of $49,933.94. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alexis P. Michas sold 10,003 shares of the stock in a transaction on Monday, November 26th. The shares were sold at an average price of $39.99, for a total value of $400,019.97. Following the sale, the director now owns 78,223 shares of the company’s stock, valued at approximately $3,128,137.77. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

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BorgWarner 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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