Strs Ohio Buys Shares of 58,076 BorgWarner Inc. $BWA

Strs Ohio bought a new stake in BorgWarner Inc. (NYSE:BWA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 58,076 shares of the auto parts company’s stock, valued at approximately $1,664,000.

A number of other hedge funds also recently added to or reduced their stakes in BWA. Global X Japan Co. Ltd. grew its position in shares of BorgWarner by 133.4% in the first 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 stake in shares of BorgWarner in the first quarter valued at approximately $30,000. Meeder Asset Management Inc. grew its position in shares of BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 539 shares during the last quarter. Allworth Financial LP grew its position in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 793 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in shares of BorgWarner by 97.9% in the first quarter. Brooklyn Investment Group now owns 1,480 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 732 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Price Performance

Shares of BWA stock opened at $43.58 on Wednesday. The firm has a market cap of $9.43 billion, a P/E ratio of 46.36, a P/E/G ratio of 1.45 and a beta of 1.09. 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 $44.45. The firm has a fifty day moving average of $39.71 and a two-hundred day moving average of $33.68.

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

BorgWarner Increases Dividend

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

BorgWarner declared that its board has initiated a share repurchase plan on Thursday, July 31st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the auto parts company to purchase up to 13.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on BWA shares. Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and increased their price target for the company from $41.00 to $46.00 in a research report on Wednesday, September 10th. Baird R W raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Piper Sandler increased their price target on shares of BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, UBS Group lifted their price target on shares of BorgWarner from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total transaction of $100,025.00. Following the completion of the transaction, the vice president directly owned 55,945 shares of the company’s stock, valued at $2,238,359.45. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the transaction, the director directly owned 78,903 shares of the company’s stock, valued at $3,338,385.93. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,272 shares of company stock valued at $1,263,318 in the last ninety days. Company insiders own 0.63% of the company’s stock.

BorgWarner Company 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.