Great Lakes Advisors LLC Makes New $34.83 Million Investment in BorgWarner Inc. $BWA

Great Lakes Advisors LLC bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 524,466 shares of the auto parts company’s stock, valued at approximately $34,825,000. Great Lakes Advisors LLC owned about 0.26% of BorgWarner as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in BorgWarner in the second quarter worth $1,678,187,000. Dimensional Fund Advisors LP lifted its position in BorgWarner by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock valued at $538,996,000 after purchasing an additional 178,853 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of 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 buying an additional 1,703,576 shares in the last quarter. State Street Corp grew its stake in shares of 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 buying an additional 380,942 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of 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 buying an additional 402,887 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Down 2.8%

Shares of BWA opened at $67.97 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $13.84 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.24 and a beta of 1.10. The firm has a fifty day moving average price of $66.79 and a 200-day moving average price of $61.27. BorgWarner Inc. has a 12-month low of $40.50 and a 12-month high of $78.82.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Equities research analysts expect that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. BorgWarner’s dividend payout ratio is 34.00%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BWA shares. Barclays lifted their price target on BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Morgan Stanley upped their price objective on BorgWarner from $67.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Wells Fargo & Company lifted their target price on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Finally, Wolfe Research restated an “outperform” rating and set 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 stock. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $75.93.

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.