BorgWarner Inc. $BWA Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey raised its position in BorgWarner Inc. (NYSE:BWA) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 81,639 shares of the auto parts company’s stock after buying an additional 2,249 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in BorgWarner were worth $2,733,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BWA. Dimensional Fund Advisors LP boosted its holdings in shares of BorgWarner by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 11,568,627 shares of the auto parts company’s stock valued at $331,429,000 after acquiring an additional 284,587 shares in the last quarter. LSV Asset Management lifted its position in BorgWarner by 36.7% in the first quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock valued at $168,722,000 after purchasing an additional 1,580,935 shares during the period. American Century Companies Inc. boosted its holdings in BorgWarner by 1.7% in the 1st quarter. American Century Companies Inc. now owns 3,716,576 shares of the auto parts company’s stock valued at $106,480,000 after purchasing an additional 60,382 shares in the last quarter. Swedbank AB increased its position in BorgWarner by 23.3% during the 2nd quarter. Swedbank AB now owns 2,558,425 shares of the auto parts company’s stock worth $85,656,000 after purchasing an additional 482,969 shares during the period. Finally, Millennium Management LLC raised its stake in shares of BorgWarner by 144.7% during the 1st quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock worth $57,579,000 after buying an additional 1,188,466 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Price Performance

BorgWarner stock opened at $43.56 on Wednesday. The firm has a market capitalization of $9.32 billion, a PE ratio of 46.34, a P/E/G ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $46.39. The firm’s 50-day simple moving average is $43.70 and its 200 day simple moving average is $38.76. 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 posted its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. BorgWarner’s dividend payout ratio is presently 107.94%.

BorgWarner declared that its board has authorized a share repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 13.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BWA shares. Piper Sandler lifted their price target on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Morgan Stanley increased their price target on shares of BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. UBS Group boosted their price objective on shares of BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group upped their target price on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.85.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, Director Alexis P. Michas sold 8,772 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the transaction, the director owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s 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 completion of the sale, the vice president owned 43,555 shares in the company, valued at $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. In the last 90 days, insiders have sold 31,972 shares of company stock worth $1,425,479. 0.45% of the stock is owned by insiders.

About BorgWarner

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.