85,300 Shares in BorgWarner Inc. $BWA Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, Holdings Channel.com reports. The firm bought 85,300 shares of the auto parts company’s stock, valued at approximately $5,664,000.

Several other institutional investors have also added to or reduced their stakes in BWA. California State Teachers Retirement System grew its position in shares of BorgWarner by 6,262.3% during the 2nd quarter. California State Teachers Retirement System now owns 15,870,795 shares of the auto parts company’s stock valued at $1,053,821,000 after acquiring an additional 15,621,343 shares during the period. AlphaGrep UK Ltd purchased a new stake in shares of BorgWarner in the 2nd quarter worth $493,000. AXQ Capital LP bought a new position in BorgWarner in the 2nd quarter worth $271,000. Nykredit A S purchased a new position in BorgWarner during the second quarter valued at $462,000. Finally, Cairn Investment Group Inc. purchased a new position in BorgWarner during the second quarter valued at $7,233,000. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BWA. Weiss Ratings upgraded BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. TD Cowen boosted their price objective on BorgWarner from $67.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Barclays lifted their price target on shares of BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.67.

BorgWarner Stock Down 1.9%

Shares of BWA opened at $66.24 on Wednesday. The business’s 50 day moving average is $65.17 and its 200 day moving average is $62.30. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. BorgWarner Inc. has a 12-month low of $40.50 and a 12-month high of $78.82. The company has a market capitalization of $13.49 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.12.

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, topping 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 during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the company posted $1.21 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Research analysts expect that BorgWarner Inc. will post 5.2 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. BorgWarner’s dividend payout ratio is currently 34.00%.

BorgWarner declared that its board has authorized a stock repurchase plan on Wednesday, August 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits 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 of directors believes its stock is undervalued.

Insider Activity at BorgWarner

In related news, Director Rajesh Kalathur acquired 7,407 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of $67.59 per share, with a total value of $500,639.13. Following the acquisition, the director directly owned 7,407 shares of the company’s stock, valued at approximately $500,639.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amy B. Kulikowski sold 2,900 shares of BorgWarner stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total value of $198,940.00. Following the completion of the sale, the chief accounting officer directly owned 9,725 shares in the company, valued at $667,135. This trade represents a 22.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.76% of the stock is currently owned by corporate insiders.

About BorgWarner

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.