Kentucky Retirement Systems Takes $1.05 Million Position in BorgWarner Inc. $BWA

Kentucky Retirement Systems purchased a new position in BorgWarner Inc. (NYSE:BWA) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,787 shares of the auto parts company’s stock, valued at approximately $1,050,000.

Other institutional investors have also made changes to their positions in the company. Prosperity Bancshares Inc bought a new stake in BorgWarner in the fourth quarter valued at about $37,000. Sound Income Strategies LLC lifted its stake in BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after buying an additional 890 shares during the period. Torren Management LLC bought a new position in BorgWarner during the fourth quarter worth about $48,000. Cedar Mountain Advisors LLC bought a new position in BorgWarner during the first quarter worth about $55,000. Finally, UMB Bank n.a. grew its position in shares of BorgWarner by 28.1% during the 4th quarter. UMB Bank n.a. now owns 1,709 shares of the auto parts company’s stock worth $77,000 after buying an additional 375 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $63.84 on Friday. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. The stock’s 50-day moving average is $67.98 and its 200-day moving average is $59.54. BorgWarner Inc. has a one year low of $35.04 and a one year high of $78.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.BorgWarner’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Equities analysts predict that BorgWarner Inc. will post 5.16 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. BorgWarner’s dividend payout ratio is 40.24%.

Insider Transactions at BorgWarner

In other news, CEO Joseph F. Fadool sold 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the completion of the transaction, the chief executive officer directly owned 405,964 shares of the company’s stock, valued at $27,325,436.84. This trade represents a 6.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 20,000 shares of BorgWarner stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $59.26, for a total transaction of $1,185,200.00. Following the completion of the sale, the vice president owned 213,746 shares in the company, valued at $12,666,587.96. This trade represents a 8.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 67,500 shares of company stock worth $4,310,115. Insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of BorgWarner in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 price target on shares of BorgWarner in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of BorgWarner from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $74.57.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.