State of New Jersey Common Pension Fund D Has $2.19 Million Stake in BorgWarner Inc. $BWA

State of New Jersey Common Pension Fund D decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,377 shares of the auto parts company’s stock after selling 8,415 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BorgWarner were worth $2,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in BorgWarner by 1,133.3% during 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. Manchester Capital Management LLC acquired a new position in shares of BorgWarner during the first quarter valued at about $30,000. Trust Co. of Vermont raised its position in shares of 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 valued at $37,000 after buying an additional 1,100 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of BorgWarner by 63.5% during the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after buying an additional 539 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of BorgWarner by 123.1% during the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after buying an additional 793 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Alexis P. Michas sold 8,772 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the sale, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $40.50, for a total transaction of $202,500.00. Following the sale, the vice president owned 229,040 shares in the company, valued at approximately $9,276,120. The trade was a 2.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,272 shares of company stock worth $1,263,318 over the last ninety days. Company insiders own 0.63% of the company’s stock.

BorgWarner Trading Up 0.6%

Shares of NYSE BWA opened at $43.58 on Wednesday. The company’s fifty day moving average is $43.32 and its 200-day moving average is $36.90. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 46.37, a P/E/G ratio of 1.60 and a beta of 1.09. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.97. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.56 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner announced that its Board of Directors has approved a share repurchase program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 13.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of analyst reports. UBS Group upped their target price on shares of BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their target price on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Evercore ISI raised their price target on BorgWarner from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Robert W. Baird raised BorgWarner from a “neutral” rating to an “outperform” rating and raised their price target for the company from $41.00 to $52.00 in a report on Wednesday, September 3rd. Finally, Piper Sandler raised their price target on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.21.

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.