BorgWarner Inc. $BWA Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 44.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 41,287 shares of the auto parts company’s stock after selling 33,367 shares during the period. Maryland State Retirement & Pension System’s holdings in BorgWarner were worth $1,815,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BWA. Acadian Asset Management LLC boosted its holdings in shares of BorgWarner by 23.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 1,723 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of BorgWarner by 67.4% in the second quarter. Parallel Advisors LLC now owns 3,812 shares of the auto parts company’s stock valued at $128,000 after purchasing an additional 1,535 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of BorgWarner during the second quarter worth $339,000. Wealth Enhancement Advisory Services LLC raised its position in BorgWarner by 81.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 89,056 shares of the auto parts company’s stock valued at $3,145,000 after purchasing an additional 40,055 shares in the last quarter. Finally, CX Institutional lifted its stake in BorgWarner by 71.9% in the second quarter. CX Institutional now owns 5,879 shares of the auto parts company’s stock worth $197,000 after acquiring an additional 2,458 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the transaction, the vice president directly owned 204,040 shares of the company’s stock, valued at approximately $9,385,840. This represents a 2.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 3,200 shares of the firm’s stock in a transaction that occurred 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 directly owned 43,555 shares of the company’s stock, valued at $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 23,200 shares of company stock valued at $1,054,336. 0.63% of the stock is owned by insiders.

BorgWarner Trading Down 1.4%

NYSE:BWA opened at $46.55 on Wednesday. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $48.80. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $45.01 and its 200-day simple moving average is $42.60. The firm has a market cap of $9.96 billion, a P/E ratio of 73.89, a PEG ratio of 0.92 and a beta of 1.06.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio is currently 107.94%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler reiterated a “neutral” rating and issued a $51.00 price target (down from $52.00) on shares of BorgWarner in a research note on Thursday, January 8th. UBS Group boosted their price target on shares of BorgWarner from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $49.00 price objective (up previously from $42.00) on shares of BorgWarner in a report on Monday, December 8th. JPMorgan Chase & Co. lifted their target price on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.31.

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.