BorgWarner Inc. $BWA Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 25.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,446 shares of the auto parts company’s stock after selling 13,190 shares during the quarter. QRG Capital Management Inc.’s holdings in BorgWarner were worth $2,140,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of BorgWarner by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock worth $538,996,000 after buying an additional 178,853 shares during the last quarter. AQR Capital Management LLC raised its holdings in BorgWarner by 22.7% in the fourth quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock valued at $415,559,000 after acquiring an additional 1,703,576 shares in the last quarter. State Street Corp boosted its stake in BorgWarner by 5.3% during the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after acquiring an additional 380,942 shares during the last quarter. LSV Asset Management boosted its stake in BorgWarner by 6.7% during the 4th quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock valued at $290,481,000 after acquiring an additional 402,887 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in BorgWarner by 10.9% during the 4th quarter. Geode Capital Management LLC now owns 4,297,717 shares of the auto parts company’s stock worth $193,695,000 after acquiring an additional 423,933 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of NYSE BWA traded down $1.71 during mid-day trading on Tuesday, hitting $64.20. The company had a trading volume of 343,950 shares, compared to its average volume of 2,962,509. BorgWarner Inc. has a 12 month low of $34.27 and a 12 month high of $78.82. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 1.22 and a beta of 1.09. 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’s 50 day simple moving average is $66.84 and its two-hundred day simple moving average is $57.27.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that BorgWarner Inc. will post 5.18 earnings per share for the current year.

BorgWarner Announces Dividend

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

Insider Activity

In other news, VP Stefan Demmerle sold 20,000 shares of BorgWarner stock in a transaction that occurred on 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 sale, the vice president owned 213,746 shares of the company’s stock, valued at approximately $12,666,587.96. The trade was a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph F. Fadool sold 29,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,500 shares of company stock worth $4,310,115 in the last quarter. Company insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Morgan Stanley lifted their price target on BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. TD Cowen boosted their price objective on BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a report on Wednesday, June 10th. Finally, UBS Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $95.00 in a research report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.00.

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.