Public Employees Retirement System of Ohio Takes $10.59 Million Position in BorgWarner Inc. $BWA

Public Employees Retirement System of Ohio acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 159,445 shares of the auto parts company’s stock, valued at approximately $10,587,000. Public Employees Retirement System of Ohio owned 0.08% of BorgWarner as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BWA. Acadian Asset Management LLC raised its position in shares of BorgWarner by 23.7% in the 1st quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 1,723 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in BorgWarner during the second quarter valued at about $339,000. EverSource Wealth Advisors LLC grew its stake in BorgWarner by 400.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock valued at $185,000 after purchasing an additional 4,426 shares during the last quarter. Marshall Wace LLP bought a new position in BorgWarner in the second quarter worth about $247,000. Finally, Cerity Partners LLC raised its holdings in BorgWarner by 30.2% in the second quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock worth $4,816,000 after purchasing an additional 33,362 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $79.00 price target on shares of BorgWarner in a report on Thursday, August 6th. Royal Bank Of Canada initiated coverage on shares of BorgWarner in a research note on Monday. They set an “outperform” rating and a $87.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 target price on shares of BorgWarner in a research report on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $76.67.

Insider Buying and Selling

In other news, CAO Amy B. Kulikowski sold 2,900 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total value of $198,940.00. Following the sale, the chief accounting officer owned 9,725 shares in the company, valued at $667,135. This represents a 22.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rajesh Kalathur bought 7,407 shares of BorgWarner stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average cost of $67.59 per share, with a total value of $500,639.13. Following the acquisition, the director owned 7,407 shares of the company’s stock, valued at $500,639.13. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.76% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $64.32 on Tuesday. The business has a fifty day moving average of $65.43 and a 200 day moving average of $62.21. BorgWarner Inc. has a 1 year low of $40.50 and a 1 year high of $78.82. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.76. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the business earned $1.21 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, research analysts expect that BorgWarner Inc. will post 5.2 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 1st. BorgWarner’s dividend payout ratio is 34.00%.

BorgWarner declared that its board has authorized a share buyback plan on Wednesday, August 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to buy up to 7.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.