Strs Ohio Grows Holdings in BorgWarner Inc. $BWA

Strs Ohio increased its holdings in BorgWarner Inc. (NYSE:BWA) by 3,326.6% in the 1st quarter, Holdings Channel reports. The fund owned 174,175 shares of the auto parts company’s stock after buying an additional 169,092 shares during the quarter. Strs Ohio’s holdings in BorgWarner were worth $9,451,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BWA. Prosperity Bancshares Inc purchased a new stake in shares of BorgWarner in the 4th quarter worth approximately $37,000. Sound Income Strategies LLC increased its position in BorgWarner by 9,888.9% during the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after buying an additional 890 shares in the last quarter. Torren Management LLC bought a new stake in BorgWarner in the fourth quarter worth $48,000. Olistico Wealth LLC purchased a new stake in shares of BorgWarner in the fourth quarter worth $50,000. Finally, Root Financial Partners LLC increased its holdings in shares of BorgWarner by 111.0% during the first quarter. Root Financial Partners LLC now owns 1,557 shares of the auto parts company’s stock valued at $84,000 after acquiring an additional 819 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In related news, CEO Joseph F. Fadool sold 29,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the completion of the transaction, the chief executive officer directly owned 405,964 shares of the company’s stock, valued at approximately $27,325,436.84. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tania Wingfield sold 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $63.24, for a total value of $316,200.00. Following the transaction, the executive vice president directly owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. The trade was a 12.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,500 shares of company stock worth $4,310,115 over the last 90 days. Company insiders own 0.76% of the company’s stock.

BorgWarner Stock Down 0.0%

Shares of BWA stock opened at $63.52 on Monday. The company’s fifty day moving average price is $66.65 and its 200-day moving average price is $57.12. BorgWarner Inc. has a one year low of $34.27 and a one year high of $78.82. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 1.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Sell-side analysts expect that BorgWarner Inc. will post 5.18 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.17 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.68 annualized dividend and a yield of 1.1%. BorgWarner’s payout ratio is presently 40.24%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BWA. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Wells Fargo & Company increased their target price on BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft set a $81.00 price target on BorgWarner in a research note on Tuesday, April 21st. TD Cowen increased their price objective on BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price objective on shares of BorgWarner in a report on Thursday, June 11th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $74.00.

About BorgWarner

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.