New Mexico Educational Retirement Board Takes $1.97 Million Position in BorgWarner Inc. $BWA

New Mexico Educational Retirement Board bought a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 43,800 shares of the auto parts company’s stock, valued at approximately $1,974,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in BorgWarner by 2.5% during the third quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock worth $1,212,345,000 after acquiring an additional 667,788 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BorgWarner by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 11,782,629 shares of the auto parts company’s stock worth $517,960,000 after acquiring an additional 155,871 shares in the last quarter. State Street Corp raised its holdings in BorgWarner by 5.3% during the second quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after acquiring an additional 380,942 shares in the last quarter. AQR Capital Management LLC raised its holdings in BorgWarner by 119.7% during the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock worth $330,525,000 after acquiring an additional 4,095,902 shares in the last quarter. Finally, LSV Asset Management raised its holdings in BorgWarner by 6.7% during the fourth quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock worth $290,481,000 after acquiring an additional 402,887 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the topic of several analyst reports. Bank of America initiated coverage on BorgWarner in a report on Wednesday, March 4th. They set a “neutral” rating on the stock. Morgan Stanley upped their target price on BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. UBS Group upped their target price on BorgWarner from $56.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Evercore reissued an “outperform” rating and set a $75.00 price target on shares of BorgWarner in a research report on Tuesday, February 17th. Finally, TD Cowen boosted their price target on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.21.

Insider Activity at BorgWarner

In other news, VP Stefan Demmerle sold 20,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $59.26, for a total transaction of $1,185,200.00. Following the transaction, the vice president owned 213,746 shares in the company, valued at approximately $12,666,587.96. This trade represents a 8.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph F. Fadool sold 29,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total value of $1,951,990.00. Following the transaction, the chief executive officer owned 405,964 shares in the company, valued at approximately $27,325,436.84. This trade represents a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 96,033 shares of company stock valued at $5,792,558 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE BWA opened at $74.18 on Wednesday. The firm has a market cap of $15.22 billion, a P/E ratio of 43.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. The company has a current ratio of 2.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. BorgWarner Inc. has a 1-year low of $31.83 and a 1-year high of $75.79. The business’s 50 day moving average is $58.53 and its 200-day moving average is $52.47.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Equities research analysts predict that BorgWarner Inc. will post 5.18 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. BorgWarner’s dividend payout ratio (DPR) 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.