III Capital Management Trims Holdings in BorgWarner Inc. $BWA

III Capital Management trimmed its position in BorgWarner Inc. (NYSE:BWA) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,810 shares of the auto parts company’s stock after selling 10,000 shares during the quarter. BorgWarner comprises approximately 0.6% of III Capital Management’s holdings, making the stock its 13th biggest position. III Capital Management’s holdings in BorgWarner were worth $4,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in BorgWarner by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock worth $1,212,345,000 after acquiring an additional 667,788 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in BorgWarner by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock worth $538,996,000 after acquiring an additional 178,853 shares in the last quarter. AQR Capital Management LLC increased its holdings in BorgWarner by 22.7% in the 4th quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock worth $415,559,000 after acquiring an additional 1,703,576 shares in the last quarter. State Street Corp increased its holdings in BorgWarner by 5.3% in the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after acquiring an additional 380,942 shares in the last quarter. Finally, LSV Asset Management increased its holdings in BorgWarner by 6.7% in the 4th quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock worth $290,481,000 after acquiring an additional 402,887 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Isabelle Mckenzie sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total value of $221,725.00. Following the completion of the sale, the vice president directly owned 57,828 shares in the company, valued at $3,663,403.80. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph F. Fadool sold 29,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total value of $1,951,990.00. Following the completion of the sale, the chief executive officer owned 405,964 shares of the company’s stock, valued at approximately $27,325,436.84. This represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 67,500 shares of company stock valued at $4,310,115 in the last three months. Corporate insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of several recent analyst reports. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $84.00 target price on shares of BorgWarner in a report on Thursday, June 11th. Wells Fargo & Company boosted their target price on shares of BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their target price on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Wolfe Research reissued an “outperform” rating and issued a $95.00 target price on shares of BorgWarner in a report on Wednesday, June 3rd. Nine equities 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 currently has an average rating of “Moderate Buy” and an average target price of $74.00.

BorgWarner Stock Down 2.8%

Shares of BWA opened at $70.55 on Thursday. The company has a market cap of $14.47 billion, a PE ratio of 41.74, a P/E/G ratio of 1.39 and a beta of 1.07. The business has a fifty day moving average of $63.36 and a 200 day moving average of $55.04. BorgWarner Inc. has a 52-week low of $32.24 and a 52-week high of $78.82. The company has a quick ratio of 1.75, a current ratio of 2.13 and a debt-to-equity ratio of 0.69.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, May 6th. 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 company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.BorgWarner’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, sell-side analysts expect that BorgWarner Inc. will post 5.18 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors 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%.

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.