Wealth Enhancement Advisory Services LLC Acquires 53,537 Shares of BorgWarner Inc. $BWA

Wealth Enhancement Advisory Services LLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 60.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 142,593 shares of the auto parts company’s stock after purchasing an additional 53,537 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BorgWarner were worth $6,043,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 714 shares during the last quarter. Assetmark Inc. lifted its position in BorgWarner by 81.8% during 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. Addison Advisors LLC boosted its holdings in BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 758 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in BorgWarner in the 2nd quarter worth approximately $32,000. Finally, Trust Co. of Vermont grew its position in BorgWarner by 55,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the sale, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the transaction, the vice president owned 204,040 shares of the company’s stock, valued at approximately $9,385,840. This trade represents a 2.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 23,200 shares of company stock worth $1,054,336. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Zacks Research downgraded BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. The Goldman Sachs Group upped their price target on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Piper Sandler reissued a “neutral” rating and issued a $51.00 price objective (down previously from $52.00) on shares of BorgWarner in a report on Thursday, January 8th. Finally, Robert W. Baird set a $55.00 target price on shares of BorgWarner in a report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $47.31.

BorgWarner Price Performance

NYSE:BWA opened at $47.71 on Monday. The business’s 50-day moving average is $45.17 and its 200 day moving average is $42.87. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $48.93. The company has a market capitalization of $10.21 billion, a P/E ratio of 75.73, a P/E/G ratio of 0.96 and a beta of 1.06. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

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.