Public Employees Retirement System of Ohio Makes New $10.59 Million Investment in BorgWarner Inc. $BWA

Public Employees Retirement System of Ohio acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) during the second quarter, Holdings Channel reports. The institutional investor acquired 159,445 shares of the auto parts company’s stock, valued at approximately $10,587,000.

A number of other hedge funds have also recently added to or reduced their stakes in BWA. Acadian Asset Management LLC boosted its stake in shares of BorgWarner by 23.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 1,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of BorgWarner in the 2nd quarter valued at about $339,000. EverSource Wealth Advisors LLC raised its holdings in BorgWarner by 400.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock worth $185,000 after purchasing an additional 4,426 shares during the period. Marshall Wace LLP acquired a new position in BorgWarner in the 2nd quarter worth about $247,000. Finally, Cerity Partners LLC boosted its position in BorgWarner by 30.2% during the second quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock worth $4,816,000 after purchasing an additional 33,362 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BWA. Wells Fargo & Company raised their price objective on BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein upgraded BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a report on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.

Insider Buying and Selling at BorgWarner

In other news, CAO Amy B. Kulikowski sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total value of $198,940.00. Following the transaction, the chief accounting officer directly owned 9,725 shares of the company’s stock, valued at approximately $667,135. This trade represents a 22.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Rajesh Kalathur purchased 7,407 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the transaction, the director directly owned 7,407 shares of the company’s stock, valued at $500,639.13. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.76% of the company’s stock.

BorgWarner Price Performance

NYSE:BWA opened at $64.32 on Tuesday. BorgWarner Inc. has a 12 month low of $40.50 and a 12 month high of $78.82. The stock has a 50 day moving average of $65.43 and a two-hundred day moving average of $62.21. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. The firm has a market cap of $13.10 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, analysts expect that BorgWarner Inc. will post 5.2 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.17 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. BorgWarner’s dividend payout ratio (DPR) is presently 34.00%.

BorgWarner declared that its board has authorized a share buyback program on Wednesday, August 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.