Public Employees Retirement System of Ohio Sells 41,587 Shares of BorgWarner Inc. $BWA

Public Employees Retirement System of Ohio trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 18.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,041 shares of the auto parts company’s stock after selling 41,587 shares during the period. Public Employees Retirement System of Ohio owned about 0.09% of BorgWarner worth $9,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BWA. Prosperity Bancshares Inc acquired a new stake in shares of BorgWarner in the 4th quarter worth about $37,000. Sound Income Strategies LLC increased its holdings in BorgWarner by 9,888.9% during the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 890 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of BorgWarner in the first quarter worth approximately $55,000. Torren Management LLC bought a new position in shares of BorgWarner in the fourth quarter valued at approximately $48,000. Finally, Root Financial Partners LLC grew its holdings in BorgWarner by 111.0% during the first quarter. Root Financial Partners LLC now owns 1,557 shares of the auto parts company’s stock worth $84,000 after buying an additional 819 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

NYSE:BWA opened at $63.66 on Tuesday. The company has a market capitalization of $13.06 billion, a P/E ratio of 37.67, a P/E/G ratio of 1.38 and a beta of 1.09. The business has a fifty day simple moving average of $67.98 and a two-hundred day simple moving average of $59.18. 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.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, May 6th. 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 return on equity of 18.36% and a net margin of 2.53%.The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, analysts expect that BorgWarner Inc. will post 5.16 earnings per share for the current year.

BorgWarner Dividend Announcement

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

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 20,000 shares of BorgWarner stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $59.26, for a total value of $1,185,200.00. Following the completion of the transaction, the vice president owned 213,746 shares in the company, valued at $12,666,587.96. This trade represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph F. Fadool sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the completion of the sale, the chief executive officer directly owned 405,964 shares in the company, valued at approximately $27,325,436.84. This trade represents a 6.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,500 shares of company stock worth $4,310,115 over the last ninety days. Company insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 target price on shares of BorgWarner in a report on Thursday, June 11th. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, TD Cowen increased their price objective on shares of BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.57.

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.