Public Employees Retirement System of Ohio Reduces Stake in BorgWarner Inc. $BWA

Public Employees Retirement System of Ohio lowered its stake in BorgWarner Inc. (NYSE:BWA) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,041 shares of the auto parts company’s stock after selling 41,587 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in BorgWarner were worth $9,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ethos Capital Management Inc. purchased a new stake in BorgWarner in the 4th quarter worth approximately $1,433,000. Sivia Capital Partners LLC bought a new position in shares of BorgWarner in the second quarter worth $339,000. Louisiana State Employees Retirement System bought a new stake in BorgWarner during the first quarter valued at $3,256,000. Northwestern Mutual Investment Management Company LLC purchased a new position in BorgWarner during the fourth quarter worth about $2,157,000. Finally, Securian Asset Management Inc. bought a new position in BorgWarner in the 4th quarter worth about $702,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BWA shares. Barclays boosted their price objective on BorgWarner from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their price target for the stock from $61.00 to $95.00 in a report on Wednesday, June 10th. Weiss Ratings raised shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. Finally, TD Cowen upped their price objective on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.57.

Insider Buying and Selling at BorgWarner

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

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $63.66 on Tuesday. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. The company has a 50-day moving average price of $67.98 and a 200-day moving average price of $59.18. The company has a current ratio of 2.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. BorgWarner Inc. has a 12 month low of $34.27 and a 12 month high of $78.82.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the firm 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. As a group, equities analysts anticipate that BorgWarner Inc. will post 5.16 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio (DPR) is currently 40.24%.

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.