JSF Financial LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,260 shares of the auto parts company’s stock, valued at approximately $1,398,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BWA. Crossmark Global Holdings Inc. lifted its holdings in BorgWarner by 11.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 127,219 shares of the auto parts company’s stock worth $7,647,000 after buying an additional 13,000 shares during the last quarter. Sowell Financial Services LLC grew its position in shares of BorgWarner by 7.4% in the 3rd quarter. Sowell Financial Services LLC now owns 3,618 shares of the auto parts company’s stock worth $217,000 after acquiring an additional 248 shares in the last quarter. Parkside Investments LLC grew its position in shares of BorgWarner by 0.3% in the 3rd quarter. Parkside Investments LLC now owns 119,215 shares of the auto parts company’s stock worth $7,166,000 after acquiring an additional 395 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of BorgWarner by 2.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 75,311 shares of the auto parts company’s stock valued at $4,527,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Genesee Capital Advisors LLC increased its holdings in shares of BorgWarner by 7.8% in the 3rd quarter. Genesee Capital Advisors LLC now owns 12,276 shares of the auto parts company’s stock valued at $738,000 after acquiring an additional 884 shares during the last quarter. 95.67% of the stock is owned by institutional investors.
Insider Buying and Selling at BorgWarner
In other BorgWarner news, CAO Amy B. Kulikowski sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total value of $198,940.00. Following the sale, the chief accounting officer owned 9,725 shares in the company, valued at approximately $667,135. This trade represents a 22.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael S. Hanley sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $65.51, for a total transaction of $327,550.00. Following the completion of the sale, the director owned 34,313 shares in the company, valued at $2,247,844.63. The trade was a 12.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.76% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BWA. UBS Group dropped their target price on shares of BorgWarner from $95.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Robert W. Baird set a $79.00 price target on shares of BorgWarner in a report on Thursday, August 6th. Morgan Stanley boosted their price objective on shares of BorgWarner from $67.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BorgWarner in a research report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft set a $80.00 price objective on shares of BorgWarner in a research note on Thursday, August 6th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.00.
View Our Latest Stock Analysis on BorgWarner
BorgWarner Stock Performance
BWA stock opened at $55.31 on Friday. 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 stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 0.84 and a beta of 1.16. BorgWarner Inc. has a 1 year low of $40.73 and a 1 year high of $78.82. The stock’s fifty day moving average is $62.88 and its two-hundred day moving average is $63.81.
BorgWarner (NYSE:BWA – Get Free Report) last announced 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. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, research analysts predict that BorgWarner Inc. will post 5.19 EPS for the current year.
BorgWarner declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to repurchase up to 7.7% of its stock through open market purchases. Share repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
BorgWarner Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. BorgWarner’s payout ratio is presently 34.00%.
BorgWarner Profile
BorgWarner Inc (NYSE:BWA) is a global automotive technology company that develops and manufactures propulsion and mobility systems for vehicle manufacturers and commercial vehicle customers. The company serves both internal-combustion and electrified vehicle markets, with a portfolio focused on improving vehicle efficiency, performance, emissions, and electrification.
Its products and technologies include turbochargers, emissions and thermal-management systems, transmission components, friction products, battery systems, battery charging equipment, power electronics, electric motors, and other electric-drive components.
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