CSM Advisors LLC reduced its holdings in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 49.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,554 shares of the auto parts company’s stock after selling 30,190 shares during the period. CSM Advisors LLC’s holdings in BorgWarner were worth $1,345,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System grew its holdings in shares of BorgWarner by 4.0% during the third quarter. California Public Employees Retirement System now owns 464,041 shares of the auto parts company’s stock worth $20,399,000 after buying an additional 17,949 shares during the last quarter. Bank of America Corp DE increased its position in BorgWarner by 4.3% in the 3rd quarter. Bank of America Corp DE now owns 3,727,884 shares of the auto parts company’s stock valued at $163,878,000 after acquiring an additional 153,637 shares during the period. Algert Global LLC raised its stake in BorgWarner by 43.2% during the 3rd quarter. Algert Global LLC now owns 461,342 shares of the auto parts company’s stock valued at $20,281,000 after acquiring an additional 139,184 shares during the last quarter. Ameriprise Financial Inc. lifted its position in BorgWarner by 28.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 955,966 shares of the auto parts company’s stock worth $42,024,000 after acquiring an additional 211,460 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position in BorgWarner by 97.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 121,149 shares of the auto parts company’s stock worth $5,326,000 after acquiring an additional 59,640 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other BorgWarner news, VP Stefan Demmerle sold 2,500 shares of BorgWarner stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $53.03, for a total transaction of $132,575.00. Following the completion of the transaction, the vice president owned 233,746 shares in the company, valued at approximately $12,395,550.38. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul Arthur Farrell sold 12,012 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $52.31, for a total transaction of $628,347.72. Following the completion of the sale, the executive vice president directly owned 38,238 shares in the company, valued at $2,000,229.78. This trade represents a 23.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 78,083 shares of company stock worth $4,638,585. 0.63% of the stock is owned by company insiders.
BorgWarner Stock Performance
BorgWarner (NYSE:BWA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.19. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.49 billion. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.BorgWarner’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.
BorgWarner Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, March 2nd. BorgWarner’s payout ratio is 54.40%.
Analyst Upgrades and Downgrades
BWA has been the topic of several analyst reports. Evercore reiterated an “outperform” rating and issued a $75.00 target price on shares of BorgWarner in a research note on Tuesday, February 17th. Barclays increased their price target on BorgWarner from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Robert W. Baird set a $76.00 price objective on shares of BorgWarner in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $56.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.31.
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.
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