33,538 Shares in BorgWarner Inc. $BWA Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 33,538 shares of the auto parts company’s stock, valued at approximately $2,227,000.

A number of other large investors have also modified their holdings of BWA. Clearstead Trust LLC purchased a new stake in shares of BorgWarner during the 2nd quarter valued at about $28,000. Prosperity Bancshares Inc purchased a new position in BorgWarner in the 4th quarter worth approximately $37,000. Torren Management LLC acquired a new stake in BorgWarner in the fourth quarter valued at approximately $48,000. Cedar Mountain Advisors LLC purchased a new stake in shares of BorgWarner during the first quarter valued at approximately $55,000. Finally, Grove Bank & Trust lifted its position in shares of BorgWarner by 4,304.3% during the second quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 990 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Price Performance

BWA opened at $67.97 on Wednesday. The company has a market capitalization of $13.84 billion, a P/E ratio of 33.99, a PEG ratio of 1.24 and a beta of 1.10. The company has a 50-day moving average of $66.79 and a 200-day moving average of $61.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13. BorgWarner Inc. has a 1-year low of $40.50 and a 1-year high of $78.82.

BorgWarner (NYSE:BWA) last posted its quarterly 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. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Equities analysts expect that BorgWarner Inc. will post 5.19 EPS for the current fiscal year.

BorgWarner declared that its board has initiated a share buyback program on Wednesday, August 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 1.0%. The ex-dividend date is Tuesday, September 1st. BorgWarner’s payout ratio is 34.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BWA. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings upgraded BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their target price on BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Robert W. Baird set a $79.00 price target on BorgWarner in a report on Thursday, August 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $84.00 price objective on shares of BorgWarner in a report on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.93.

BorgWarner Company 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.