Comerica Bank Sells 11,920 Shares of BorgWarner Inc. $BWA

Comerica Bank lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 79,629 shares of the auto parts company’s stock after selling 11,920 shares during the period. Comerica Bank’s holdings in BorgWarner were worth $3,588,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of BorgWarner by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock valued at $1,212,345,000 after buying an additional 667,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BorgWarner by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,782,629 shares of the auto parts company’s stock valued at $517,960,000 after buying an additional 155,871 shares in the last quarter. State Street Corp boosted its holdings in shares of BorgWarner by 5.3% during the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after buying an additional 380,942 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of BorgWarner by 119.7% during the 3rd quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after buying an additional 4,095,902 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of BorgWarner by 4.7% during the 3rd quarter. LSV Asset Management now owns 6,043,654 shares of the auto parts company’s stock valued at $265,679,000 after buying an additional 272,387 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $628,347.72. Following the transaction, the executive vice president owned 38,238 shares in the company, valued at $2,000,229.78. The trade was a 23.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 3,500 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.26, for a total transaction of $221,410.00. Following the completion of the transaction, the vice president owned 68,809 shares in the company, valued at approximately $4,352,857.34. The trade was a 4.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 78,083 shares of company stock worth $4,638,585 over the last quarter. 0.76% of the stock is owned by insiders.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $56.79 on Monday. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 1.19 and a beta of 1.00. The firm’s 50-day moving average is $54.41 and its 200 day moving average is $49.52. BorgWarner Inc. has a 1 year low of $28.70 and a 1 year high of $70.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.70.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.19. The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.49 billion. BorgWarner had a net margin of 1.93% and a return on equity of 17.89%. BorgWarner’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Sell-side analysts anticipate that BorgWarner Inc. will post 5.14 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.17 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. BorgWarner’s payout ratio is presently 54.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BWA. Wolfe Research upgraded shares of BorgWarner from a “peer perform” rating to an “outperform” rating and set a $68.00 target price on the stock in a report on Wednesday, March 25th. Bank of America began coverage on shares of BorgWarner in a report on Wednesday, March 4th. They set a “neutral” rating on the stock. Morgan Stanley set a $60.00 target price on shares of BorgWarner in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft set a $81.00 target price on shares of BorgWarner in a report on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research note on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.77.

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.