BorgWarner Inc. $BWA Stock Holdings Boosted by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,654 shares of the auto parts company’s stock after purchasing an additional 627 shares during the quarter. Maryland State Retirement & Pension System’s holdings in BorgWarner were worth $2,499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trajan Wealth LLC boosted its stake in BorgWarner by 4.6% during the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock valued at $229,000 after purchasing an additional 353 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of BorgWarner by 26.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 407 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its stake in shares of BorgWarner by 5.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company’s stock worth $225,000 after acquiring an additional 421 shares in the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of BorgWarner by 14.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company’s stock worth $95,000 after acquiring an additional 421 shares in the last quarter. Finally, Baron Wealth Management LLC boosted its stake in shares of BorgWarner by 2.4% during the 2nd quarter. Baron Wealth Management LLC now owns 21,753 shares of the auto parts company’s stock worth $728,000 after acquiring an additional 511 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $40.50, for a total transaction of $202,500.00. Following the completion of the sale, the vice president directly owned 229,040 shares in the company, valued at approximately $9,276,120. This trade represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total value of $371,143.32. Following the sale, the director owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,272 shares of company stock worth $1,263,318. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

BWA opened at $41.18 on Friday. The stock has a fifty day moving average of $42.56 and a 200-day moving average of $35.46. The firm has a market capitalization of $8.91 billion, a P/E ratio of 43.81, a PEG ratio of 1.37 and a beta of 1.09. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $44.97. 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 announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.56 billion. During the same period last year, the company earned $1.19 earnings per share. BorgWarner’s quarterly revenue was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner declared that its board has authorized a stock buyback 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 repurchase up to 13.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

BorgWarner Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BWA. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday. Zacks Research raised BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Barclays raised their price objective on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group raised their price objective on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, The Goldman Sachs Group increased their target price on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average price target of $44.07.

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.