State of Alaska Department of Revenue Sells 21,973 Shares of BorgWarner Inc. $BWA

State of Alaska Department of Revenue lowered its stake in BorgWarner Inc. (NYSE:BWA) by 13.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 135,884 shares of the auto parts company’s stock after selling 21,973 shares during the quarter. State of Alaska Department of Revenue’s holdings in BorgWarner were worth $5,972,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in shares of BorgWarner by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 71,604 shares of the auto parts company’s stock valued at $3,148,000 after purchasing an additional 596 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its holdings in BorgWarner by 0.7% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 125,652 shares of the auto parts company’s stock worth $5,524,000 after buying an additional 837 shares during the period. Foster & Motley Inc. lifted its holdings in BorgWarner by 113.3% in the third quarter. Foster & Motley Inc. now owns 25,644 shares of the auto parts company’s stock worth $1,127,000 after buying an additional 13,621 shares during the period. Clean Yield Group boosted its position in BorgWarner by 2.6% during the 3rd quarter. Clean Yield Group now owns 70,187 shares of the auto parts company’s stock valued at $3,085,000 after acquiring an additional 1,762 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of BorgWarner by 55.0% during the 3rd quarter. HB Wealth Management LLC now owns 14,575 shares of the auto parts company’s stock worth $641,000 after acquiring an additional 5,173 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the completion of the transaction, the vice president directly owned 209,040 shares in the company, valued at $9,515,500.80. The trade was a 6.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the sale, the vice president owned 43,555 shares in the company, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,200 shares of company stock valued at $1,054,336. 0.45% of the stock is owned by company insiders.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $47.65 on Friday. The business has a fifty day moving average price of $44.60 and a 200-day moving average price of $41.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The company has a market capitalization of $10.19 billion, a PE ratio of 75.64, a PEG ratio of 0.93 and a beta of 1.06. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $48.16.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.16 by $0.08. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. BorgWarner’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, equities analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

Analyst Ratings Changes

BWA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Robert W. Baird set a $54.00 price objective on BorgWarner in a research report on Friday, October 31st. Evercore ISI boosted their target price on shares of BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Zacks Research downgraded shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Piper Sandler reissued a “neutral” rating and set a $51.00 price target (down from $52.00) on shares of BorgWarner in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $47.00.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.