State of Alaska Department of Revenue Trims Stake in BorgWarner Inc. $BWA

State of Alaska Department of Revenue lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 13.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,884 shares of the auto parts company’s stock after selling 21,973 shares during the period. State of Alaska Department of Revenue owned 0.06% of BorgWarner worth $5,972,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in BorgWarner by 1,133.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 714 shares during the last quarter. Assetmark Inc. grew its holdings in shares of BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 364 shares in the last quarter. Addison Advisors LLC increased its position in shares of BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 758 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of BorgWarner in the second quarter worth approximately $32,000. Finally, Trust Co. of Vermont raised its stake in BorgWarner by 55,000.0% in the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BWA. Evercore ISI increased their price target on shares of BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. increased their price objective on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Robert W. Baird set a $54.00 target price on BorgWarner in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Insiders Place Their Bets

In other news, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the sale, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the vice president owned 204,040 shares in the company, valued at approximately $9,385,840. This represents a 2.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 23,200 shares of company stock worth $1,054,336. Insiders own 0.45% of the company’s stock.

BorgWarner Trading Down 0.3%

Shares of BWA stock opened at $47.65 on Friday. The business has a 50-day moving average of $44.60 and a 200 day moving average of $41.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $48.16. The stock has a market capitalization of $10.19 billion, a PE ratio of 75.64, a P/E/G ratio of 0.93 and a beta of 1.06.

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

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.4%. BorgWarner’s dividend payout ratio is presently 107.94%.

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.