Great Lakes Advisors LLC Decreases Stake in BorgWarner Inc. $BWA

Great Lakes Advisors LLC lowered its stake in BorgWarner Inc. (NYSE:BWA) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,021,800 shares of the auto parts company’s stock after selling 71,506 shares during the period. Great Lakes Advisors LLC’s holdings in BorgWarner were worth $46,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BWA. Sound Income Strategies LLC raised its holdings in shares of BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares during the last quarter. Torren Management LLC purchased a new position in shares of BorgWarner in the fourth quarter worth $48,000. Olistico Wealth LLC purchased a new position in shares of BorgWarner in the fourth quarter worth $50,000. Hantz Financial Services Inc. raised its holdings in shares of BorgWarner by 32.7% in the third quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company’s stock worth $65,000 after buying an additional 362 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of BorgWarner in the fourth quarter worth $116,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity

In other news, VP Stefan Demmerle sold 20,000 shares of BorgWarner stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $59.26, for a total value of $1,185,200.00. Following 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph F. Fadool sold 29,000 shares of BorgWarner 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 completion of the sale, the chief executive officer owned 405,964 shares in the company, valued at approximately $27,325,436.84. This trade represents a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,500 shares of company stock worth $4,310,115 over the last three months. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BWA shares. Wall Street Zen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Robert W. Baird set a $76.00 target price on shares of BorgWarner in a report on Thursday, February 12th. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 target price on shares of BorgWarner in a report on Thursday. Evercore reissued an “outperform” rating and set a $75.00 target price on shares of BorgWarner in a report on Tuesday, February 17th. Finally, New Street Research set a $66.00 target price on shares of BorgWarner in a report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.00.

BorgWarner Trading Up 5.1%

Shares of BorgWarner stock opened at $74.95 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The firm has a fifty day moving average price of $61.80 and a 200 day moving average price of $54.20. BorgWarner Inc. has a 1 year low of $32.24 and a 1 year high of $78.82. The stock has a market cap of $15.37 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 1.37 and a beta of 1.07.

BorgWarner (NYSE:BWA) last released its quarterly earnings data 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. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Equities research analysts predict that BorgWarner Inc. will post 5.18 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. BorgWarner’s payout ratio is presently 40.24%.

About BorgWarner

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.