New York State Teachers Retirement System Has $10.49 Million Position in BorgWarner Inc. $BWA

New York State Teachers Retirement System increased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,609 shares of the auto parts company’s stock after purchasing an additional 18,867 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of BorgWarner worth $10,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWA. Blackston Financial Advisory Group LLC increased its holdings in shares of BorgWarner by 3.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock worth $267,000 after buying an additional 265 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in BorgWarner by 4.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,832 shares of the auto parts company’s stock worth $300,000 after acquiring an additional 272 shares during the last quarter. Assetmark Inc. grew its position in BorgWarner by 81.8% during the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. Tectonic Advisors LLC increased its holdings in BorgWarner by 2.3% in the 2nd quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock worth $569,000 after purchasing an additional 388 shares in the last quarter. Finally, AMG National Trust Bank raised its position in BorgWarner by 0.9% in the second quarter. AMG National Trust Bank now owns 50,699 shares of the auto parts company’s stock valued at $1,697,000 after purchasing an additional 453 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 0.2%

Shares of NYSE BWA opened at $48.06 on Thursday. The company has a market capitalization of $10.28 billion, a P/E ratio of 76.29, a price-to-earnings-growth ratio of 0.94 and a beta of 1.06. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $48.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The company’s 50 day moving average price is $44.84 and its 200-day moving average price is $42.20.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data 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. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the company posted $1.09 earnings per share. BorgWarner’s revenue for the quarter was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Equities analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total value of $682,800.00. Following the completion of the sale, the vice president directly owned 209,040 shares in the company, valued at approximately $9,515,500.80. The trade was a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isabelle Mckenzie sold 3,200 shares of the business’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 transaction, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. This trade represents a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,200 shares of company stock worth $1,054,336 over the last three months. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BWA. UBS Group boosted their price target on BorgWarner from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday. Evercore ISI boosted their target price on shares of BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Wells Fargo & Company decreased their price target on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. One 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’s stock. According to data from MarketBeat, BorgWarner has a consensus 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.