108,925 Shares in BorgWarner Inc. $BWA Acquired by Cairn Investment Group Inc.

Cairn Investment Group Inc. bought a new stake in BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, HoldingsChannel reports. The fund bought 108,925 shares of the auto parts company’s stock, valued at approximately $7,233,000. BorgWarner comprises 3.1% of Cairn Investment Group Inc.’s portfolio, making the stock its 11th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in BorgWarner during the 2nd quarter worth $1,678,187,000. AQR Capital Management LLC increased its holdings in shares of BorgWarner by 119.7% during the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after purchasing an additional 4,095,902 shares during the period. William Blair Investment Management LLC bought a new stake in shares of BorgWarner during the second quarter valued at about $251,305,000. Bank of America Corp DE acquired a new stake in BorgWarner in the second quarter worth about $250,618,000. Finally, Norges Bank bought a new position in BorgWarner in the 4th quarter valued at about $156,794,000. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $80.00 target price on shares of BorgWarner in a research note on Thursday, August 6th. UBS Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their price objective for the company from $61.00 to $95.00 in a report on Wednesday, June 10th. TD Cowen boosted their target price on BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Wolfe Research restated an “outperform” rating and issued a $95.00 target price on shares of BorgWarner in a research report on Wednesday, June 3rd. Finally, Barclays increased their price target on BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $76.67.

BorgWarner Trading Down 0.7%

Shares of NYSE:BWA opened at $63.68 on Wednesday. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.15 and a beta of 1.12. BorgWarner Inc. has a 1-year low of $40.50 and a 1-year high of $78.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13. The company has a 50 day moving average price of $65.29 and a 200 day moving average price of $62.19.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.14. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 5.2 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 1st. BorgWarner’s payout ratio is presently 34.00%.

BorgWarner declared that its board has authorized a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at BorgWarner

In other news, CAO Amy B. Kulikowski sold 2,900 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total transaction of $198,940.00. Following the completion of the sale, the chief accounting officer directly owned 9,725 shares of the company’s stock, valued at $667,135. This represents a 22.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rajesh Kalathur purchased 7,407 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average price of $67.59 per share, with a total value of $500,639.13. Following the transaction, the director directly owned 7,407 shares in the company, valued at $500,639.13. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.76% of the stock is owned by insiders.

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.