California Public Employees Retirement System Increases Stock Position in BorgWarner Inc. $BWA

California Public Employees Retirement System raised its stake in BorgWarner Inc. (NYSE:BWA) by 12.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 532,927 shares of the auto parts company’s stock after purchasing an additional 58,960 shares during the period. California Public Employees Retirement System’s holdings in BorgWarner were worth $28,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of BorgWarner by 23.7% during the first quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 1,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of BorgWarner in the 2nd quarter valued at about $339,000. EverSource Wealth Advisors LLC boosted its position in shares of BorgWarner by 400.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock valued at $185,000 after purchasing an additional 4,426 shares during the period. Marshall Wace LLP purchased a new position in BorgWarner during the 2nd quarter worth approximately $247,000. Finally, Cerity Partners LLC grew its stake in BorgWarner by 30.2% during the 2nd quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock worth $4,816,000 after buying an additional 33,362 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Up 3.2%

BorgWarner stock opened at $63.60 on Wednesday. BorgWarner Inc. has a twelve month low of $34.27 and a twelve month high of $78.82. The stock has a 50 day moving average of $68.03 and a two-hundred day moving average of $58.69. The company has a current ratio of 2.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.32 and a beta of 1.09.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, research analysts expect that BorgWarner Inc. will post 5.16 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 1st. BorgWarner’s payout ratio is currently 40.24%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen boosted their price objective on BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft set a $81.00 target price on shares of BorgWarner in a research report on Tuesday, April 21st. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of BorgWarner in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Finally, UBS Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their price target for the stock from $61.00 to $95.00 in a research note on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus 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.