BorgWarner Inc. $BWA is Quantedge Capital Pte Ltd’s 3rd Largest Position

Quantedge Capital Pte Ltd lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 3.2% in the first quarter, Holdings Channel reports. The firm owned 351,800 shares of the auto parts company’s stock after selling 11,600 shares during the period. BorgWarner accounts for 10.4% of Quantedge Capital Pte Ltd’s investment portfolio, making the stock its 3rd biggest position. Quantedge Capital Pte Ltd’s holdings in BorgWarner were worth $19,089,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Prosperity Bancshares Inc acquired a new position in BorgWarner during the fourth quarter valued at approximately $37,000. Sound Income Strategies LLC increased its position 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 acquiring an additional 890 shares in the last quarter. Torren Management LLC acquired a new stake in shares of BorgWarner in the fourth quarter worth $48,000. Olistico Wealth LLC purchased a new position in shares of BorgWarner in the 4th quarter valued at $50,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of BorgWarner in the 1st quarter valued at $55,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other BorgWarner news, VP Isabelle Mckenzie sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total transaction of $221,725.00. Following the completion of the sale, the vice president owned 57,828 shares in the company, valued at $3,663,403.80. This trade represents a 5.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph F. Fadool sold 29,000 shares of BorgWarner 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 sale, the chief executive officer owned 405,964 shares in the company, valued at $27,325,436.84. This represents a 6.67% 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 sold 67,500 shares of company stock worth $4,310,115. Company insiders own 0.76% of the company’s stock.

BorgWarner Stock Performance

BorgWarner stock opened at $63.60 on Wednesday. BorgWarner Inc. has a 12-month low of $34.27 and a 12-month high of $78.82. 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 company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 1.32 and a beta of 1.09. The firm’s fifty day moving average price is $68.03 and its 200 day moving average price is $58.69.

BorgWarner (NYSE:BWA) last posted 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. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, research analysts forecast that BorgWarner Inc. will post 5.16 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

Analysts Set New Price Targets

BWA has been the topic of several research reports. Morgan Stanley raised their price objective on BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft set a $81.00 target price on BorgWarner in a research report on Tuesday, April 21st. Weiss Ratings upgraded BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. JPMorgan Chase & Co. boosted their price target on BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Wolfe Research restated an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.57.

BorgWarner 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.