Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Position in BorgWarner Inc. $BWA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in BorgWarner Inc. (NYSE:BWA) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 56,411 shares of the auto parts company’s stock after purchasing an additional 4,078 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in BorgWarner were worth $1,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of 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 valued at $26,000 after buying an additional 714 shares during the period. Addison Advisors LLC increased its stake in BorgWarner by 1,647.8% during 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. raised its position 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 purchased a new stake in BorgWarner in the first quarter valued at $30,000. Finally, Trust Co. of Vermont raised its position in BorgWarner by 55,000.0% in the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the completion of the sale, the vice president directly owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. The trade was a 6.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction on 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 directly owned 78,903 shares in the company, valued at $3,338,385.93. This trade represents a 10.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,972 shares of company stock worth $1,425,479 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of research analyst reports. The Goldman Sachs Group increased 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. Zacks Research lowered shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Bank of America downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and boosted their price target for the company from $41.00 to $46.00 in a research note on Wednesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Robert W. Baird set a $54.00 target price on BorgWarner in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $45.85.

BorgWarner Trading Up 4.8%

NYSE:BWA opened at $42.94 on Friday. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $46.39. The firm has a market cap of $9.19 billion, a PE ratio of 45.68, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $43.61 and a 200 day moving average price of $38.90.

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

BorgWarner declared that its board has initiated a stock buyback program on Thursday, July 31st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to purchase up to 13.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is 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 paid a $0.17 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. BorgWarner’s payout ratio is currently 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.