BorgWarner Inc. $BWA Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its position in BorgWarner Inc. (NYSE:BWA) by 37.5% during the first quarter, HoldingsChannel reports. The firm owned 142,704 shares of the auto parts company’s stock after buying an additional 38,887 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in BorgWarner were worth $7,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Inspire Investing LLC lifted its position in shares of BorgWarner by 2.8% during the 4th quarter. Inspire Investing LLC now owns 7,223 shares of the auto parts company’s stock worth $325,000 after purchasing an additional 195 shares during the last quarter. Lazard Asset Management LLC increased its holdings in BorgWarner by 1.0% in the fourth quarter. Lazard Asset Management LLC now owns 21,719 shares of the auto parts company’s stock valued at $979,000 after buying an additional 206 shares during the last quarter. Arjuna Capital increased its holdings in BorgWarner by 0.6% in the fourth quarter. Arjuna Capital now owns 34,932 shares of the auto parts company’s stock valued at $1,574,000 after buying an additional 215 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in BorgWarner by 3.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,064 shares of the auto parts company’s stock valued at $383,000 after buying an additional 216 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in BorgWarner by 0.7% in the fourth quarter. Quadrant Capital Group LLC now owns 34,538 shares of the auto parts company’s stock valued at $1,556,000 after buying an additional 246 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BorgWarner

In related news, EVP Tania Wingfield sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $63.24, for a total transaction of $316,200.00. Following the transaction, the executive vice president owned 35,365 shares in the company, valued at $2,236,482.60. This trade represents a 12.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Isabelle Mckenzie sold 3,500 shares of BorgWarner stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total value of $221,725.00. Following the transaction, the vice president directly owned 57,828 shares in the company, valued at approximately $3,663,403.80. This trade represents a 5.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 67,500 shares of company stock worth $4,310,115. 0.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on BWA. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. raised their target price on BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Barclays boosted their target price on BorgWarner from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $81.00 price target on BorgWarner in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a research note on Thursday, June 11th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.57.

BorgWarner Price Performance

Shares of BWA opened at $62.44 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. BorgWarner Inc. has a 1-year low of $34.27 and a 1-year high of $78.82. The stock has a market cap of $12.81 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.09. The firm has a fifty day moving average price of $68.07 and a 200 day moving average price of $58.36.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 5.16 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio is 40.24%.

BorgWarner 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.