Turtle Creek Asset Management Inc. Cuts Stake in BorgWarner Inc. $BWA

Turtle Creek Asset Management Inc. lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 397,398 shares of the auto parts company’s stock after selling 24,700 shares during the quarter. BorgWarner comprises 0.8% of Turtle Creek Asset Management Inc.’s portfolio, making the stock its 26th biggest holding. Turtle Creek Asset Management Inc.’s holdings in BorgWarner were worth $21,563,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Ariadne Wealth Management LP grew its holdings in BorgWarner by 3.8% during the 1st quarter. Ariadne Wealth Management LP now owns 5,958 shares of the auto parts company’s stock valued at $323,000 after buying an additional 218 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BorgWarner by 1.9% in the first quarter. Bank of America Corp DE now owns 3,774,056 shares of the auto parts company’s stock worth $204,780,000 after buying an additional 68,802 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of BorgWarner during the first quarter worth $1,050,000. Bull Harbor Capital LLC bought a new position in shares of BorgWarner during the first quarter worth $1,056,000. Finally, Arete Wealth Advisors LLC purchased a new position in BorgWarner during the first quarter valued at $1,039,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Price Performance

BWA stock opened at $62.10 on Thursday. BorgWarner Inc. has a 52 week low of $34.27 and a 52 week high of $78.82. The firm has a market capitalization of $12.74 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. The company has a fifty day simple moving average of $68.01 and a two-hundred day simple moving average of $59.39. 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 posted its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Analysts anticipate that BorgWarner Inc. will post 5.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a report on Wednesday, June 10th. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Deutsche Bank Aktiengesellschaft set a $81.00 price objective on BorgWarner in a research report on Tuesday, April 21st. TD Cowen boosted their target price on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Finally, UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and increased their price target for the company from $61.00 to $95.00 in a research note on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $74.57.

Insider Buying and Selling

In other 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 value of $221,725.00. Following the completion of the sale, the vice president directly owned 57,828 shares of the company’s stock, valued at $3,663,403.80. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the chief executive officer owned 405,964 shares of the company’s stock, valued at approximately $27,325,436.84. This trade represents a 6.67% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 67,500 shares of company stock worth $4,310,115. Insiders own 0.76% of the company’s stock.

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.