Cwm LLC Has $2.48 Million Stock Holdings in BorgWarner Inc. $BWA

Cwm LLC lifted its position in BorgWarner Inc. (NYSE:BWA) by 1,250.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,106 shares of the auto parts company’s stock after acquiring an additional 68,619 shares during the period. Cwm LLC’s holdings in BorgWarner were worth $2,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BWA. LSV Asset Management grew its position in shares of BorgWarner by 36.7% in the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock valued at $168,722,000 after purchasing an additional 1,580,935 shares during the period. Millennium Management LLC grew its position in shares of BorgWarner by 144.7% in the 1st quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock valued at $57,579,000 after purchasing an additional 1,188,466 shares during the period. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of BorgWarner in the 1st quarter valued at approximately $28,989,000. Principal Financial Group Inc. grew its position in shares of BorgWarner by 338.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,085,149 shares of the auto parts company’s stock valued at $31,090,000 after purchasing an additional 837,668 shares during the period. Finally, Public Sector Pension Investment Board grew its position in shares of BorgWarner by 1,121.2% in the 1st quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock valued at $19,870,000 after purchasing an additional 636,757 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total value of $371,143.32. Following the completion of the sale, the director owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This represents a 10.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 directly owned 229,040 shares of the company’s stock, valued at approximately $9,276,120. The trade was a 2.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,272 shares of company stock valued at $1,263,318. 0.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays boosted their price objective on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group upped their price target on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Evercore ISI upped their price target on BorgWarner from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, Wall Street Zen raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.64.

BorgWarner Trading Down 0.6%

NYSE:BWA opened at $42.57 on Friday. The company has a market cap of $9.21 billion, a P/E ratio of 45.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.97. The business has a 50 day moving average price of $42.96 and a two-hundred day moving average price of $35.97.

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

BorgWarner announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 31st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to buy up to 13.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

BorgWarner Increases Dividend

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

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.