Maryland State Retirement & Pension System Buys 627 Shares of BorgWarner Inc. $BWA

Maryland State Retirement & Pension System raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,654 shares of the auto parts company’s stock after buying an additional 627 shares during the period. Maryland State Retirement & Pension System’s holdings in BorgWarner were worth $2,499,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BWA. Global X Japan Co. Ltd. raised its holdings in BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after buying an additional 523 shares in the last quarter. Manchester Capital Management LLC bought a new position in BorgWarner during the first quarter valued at about $30,000. Trust Co. of Vermont grew its position in shares of BorgWarner by 55,000.0% in the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,100 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 539 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 793 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Stock Down 1.1%

BWA stock opened at $41.18 on Friday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.97. The company has a market cap of $8.91 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. The business’s 50-day simple moving average is $42.56 and its 200 day simple moving average is $35.46. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the business earned $1.19 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. BorgWarner’s dividend payout ratio (DPR) is presently 72.34%.

BorgWarner announced that its board has authorized a share repurchase plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 13.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Wall Street Zen raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. Robert W. Baird raised BorgWarner from a “neutral” rating to an “outperform” rating and raised their price target for the company from $41.00 to $52.00 in a research report on Wednesday, September 3rd. Morgan Stanley raised their price target on BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Finally, Zacks Research raised BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $44.07.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total transaction of $100,025.00. Following the sale, the vice president directly owned 55,945 shares of the company’s stock, valued at approximately $2,238,359.45. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total value of $202,500.00. Following the sale, the vice president directly owned 229,040 shares in the company, valued at $9,276,120. The trade was a 2.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,272 shares of company stock valued at $1,263,318. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.