BorgWarner Inc. $BWA Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,700 shares of the auto parts company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in BorgWarner were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of BWA. Global X Japan Co. Ltd. lifted its stake in shares of BorgWarner by 133.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 523 shares during the last quarter. Manchester Capital Management LLC acquired a new position in shares of BorgWarner in the 1st quarter valued at $30,000. Trust Co. of Vermont lifted its stake in BorgWarner by 55,000.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 1,100 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in BorgWarner by 63.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 539 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in BorgWarner by 123.1% during the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 793 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BWA. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday. Robert W. Baird raised BorgWarner from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $52.00 in a research note on Wednesday, September 3rd. Bank of America lowered BorgWarner from a “buy” rating to a “neutral” rating and increased their target price for the stock from $41.00 to $46.00 in a research note on Wednesday, September 10th. The Goldman Sachs Group upped their price target on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Wells Fargo & Company upped their price target on BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Two investment analysts have 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, the company presently has an average rating of “Moderate Buy” and an average price target of $43.36.

BorgWarner Price Performance

Shares of NYSE BWA opened at $41.61 on Friday. The stock’s 50-day moving average is $42.49 and its two-hundred day moving average is $35.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $44.97. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 44.27, a price-to-earnings-growth ratio of 1.41 and a beta of 1.09.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. This is an increase from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s dividend payout ratio (DPR) is currently 72.34%.

BorgWarner announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to repurchase up to 13.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total value of $589,650.00. Following the transaction, the vice president owned 234,040 shares in the company, valued at approximately $9,200,112.40. This represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total value of $371,143.32. Following the completion of the transaction, the director owned 78,903 shares in the company, valued at approximately $3,338,385.93. The trade was a 10.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,272 shares of company stock worth $1,263,318. 0.45% of the stock is currently owned by insiders.

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.