Inspire Investing LLC Decreases Position in BorgWarner Inc. $BWA

Inspire Investing LLC reduced its stake in BorgWarner Inc. (NYSE:BWA) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,460 shares of the auto parts company’s stock after selling 2,592 shares during the quarter. Inspire Investing LLC’s holdings in BorgWarner were worth $283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BWA. Farther Finance Advisors LLC lifted its position in shares of BorgWarner by 26.1% in the first quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 407 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of BorgWarner by 185.3% in the first quarter. State of Alaska Department of Revenue now owns 148,170 shares of the auto parts company’s stock valued at $4,244,000 after acquiring an additional 96,235 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 523 shares in the last quarter. Blue Trust Inc. lifted its position in shares of BorgWarner by 46.9% in the first quarter. Blue Trust Inc. now owns 14,151 shares of the auto parts company’s stock valued at $405,000 after acquiring an additional 4,516 shares in the last quarter. Finally, Osborne Partners Capital Management LLC lifted its position in shares of BorgWarner by 1.9% in the first quarter. Osborne Partners Capital Management LLC now owns 372,949 shares of the auto parts company’s stock valued at $10,685,000 after acquiring an additional 6,803 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $42.83 on Friday. The firm has a market capitalization of $9.27 billion, a PE ratio of 45.56, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. The business has a 50-day moving average of $42.88 and a two-hundred day moving average of $35.82. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $44.97.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.56 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. As a group, research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner announced that its board has initiated a share repurchase plan on Thursday, July 31st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 13.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

BorgWarner Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.17 per share. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. BorgWarner’s payout ratio is currently 72.34%.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $40.50, for a total value of $202,500.00. Following the completion of the sale, the vice president owned 229,040 shares in the company, valued at approximately $9,276,120. This trade represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 2,500 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the sale, the vice president owned 55,945 shares of the company’s stock, valued at approximately $2,238,359.45. This trade represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,272 shares of company stock worth $1,263,318 over the last three months. 0.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America downgraded BorgWarner from a “buy” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $46.00 in a research report on Wednesday, September 10th. JPMorgan Chase & Co. upped their price objective on BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Barclays upped their target price on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, October 8th. Finally, Robert W. Baird upgraded BorgWarner from a “neutral” rating to an “outperform” rating and upped their target price for the company from $41.00 to $52.00 in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.64.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.