Teachers Retirement System of The State of Kentucky Sells 167,000 Shares of BorgWarner Inc. $BWA

Teachers Retirement System of The State of Kentucky cut its holdings in BorgWarner Inc. (NYSE:BWA) by 23.3% during the 1st quarter, HoldingsChannel reports. The fund owned 549,959 shares of the auto parts company’s stock after selling 167,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in BorgWarner were worth $29,841,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Prosperity Bancshares Inc bought a new stake in BorgWarner in the 4th quarter valued at about $37,000. Sound Income Strategies LLC increased its holdings in shares of BorgWarner by 9,888.9% during the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 890 shares during the period. Torren Management LLC bought a new position in shares of BorgWarner during the fourth quarter worth approximately $48,000. Olistico Wealth LLC acquired a new stake in shares of BorgWarner in the fourth quarter valued at approximately $50,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of BorgWarner in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

BorgWarner stock opened at $64.97 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.13 and a debt-to-equity ratio of 0.69. The stock has a market cap of $13.33 billion, a PE ratio of 38.44, a P/E/G ratio of 1.25 and a beta of 1.09. BorgWarner Inc. has a 12-month low of $34.27 and a 12-month high of $78.82. The business’s 50-day moving average price is $67.60 and its two-hundred day moving average price is $57.82.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $1.11 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, analysts expect that BorgWarner Inc. will post 5.17 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.17 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. BorgWarner’s dividend payout ratio (DPR) is currently 40.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BWA. 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. Morgan Stanley upped their target price on BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $95.00 in a report on Wednesday, June 10th. TD Cowen raised their price target on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Finally, Sanford C. Bernstein raised BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.57.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Joseph F. Fadool sold 29,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 405,964 shares of the company’s stock, valued at approximately $27,325,436.84. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the vice president owned 203,746 shares of the company’s stock, valued at $13,243,490. This trade represents a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 67,500 shares of company stock worth $4,310,115. Corporate insiders own 0.76% of the company’s stock.

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.