BorgWarner Inc. $BWA Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 2.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 81,639 shares of the auto parts company’s stock after buying an additional 2,249 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in BorgWarner were worth $2,733,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $26,000 after buying an additional 714 shares during the period. Addison Advisors LLC boosted 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 acquiring an additional 758 shares during the last quarter. Assetmark Inc. grew its holdings in BorgWarner by 81.8% in the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 364 shares during the period. Manchester Capital Management LLC acquired a new position in BorgWarner during the first quarter worth approximately $30,000. Finally, Trust Co. of Vermont raised its stake in BorgWarner by 55,000.0% during the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 1,100 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Isabelle Mckenzie sold 3,200 shares of BorgWarner stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the sale, the vice president directly owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the 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 completion of the transaction, the vice president directly owned 204,040 shares of the company’s stock, valued at $9,385,840. This represents a 2.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,972 shares of company stock valued at $1,425,479 in the last quarter. Company insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BWA shares. Robert W. Baird set a $54.00 price objective on shares of BorgWarner in a research note on Friday, October 31st. UBS Group upped their price target on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Baird R W raised BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Zacks Research downgraded shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and raised their price target for the company from $41.00 to $46.00 in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.85.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $43.56 on Wednesday. The business’s 50-day simple moving average is $43.70 and its 200 day simple moving average is $38.76. The company has a market cap of $9.32 billion, a P/E ratio of 46.34, a PEG ratio of 1.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. BorgWarner Inc. has a one year low of $24.40 and a one year high of $46.39.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. BorgWarner’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner announced that its board has initiated a stock repurchase program on Thursday, July 31st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.