BorgWarner Inc. $BWA Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 2.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 137,730 shares of the auto parts company’s stock after selling 3,432 shares during the quarter. Leeward Investments LLC MA’s holdings in BorgWarner were worth $4,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Caitong International Asset Management Co. Ltd grew its position in BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after buying an additional 714 shares during the period. Manchester Capital Management LLC acquired a new position in BorgWarner during the first quarter worth about $30,000. Trust Co. of Vermont grew its position in BorgWarner by 55,000.0% during the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock worth $37,000 after buying an additional 1,100 shares during the period. Meeder Asset Management Inc. grew its position in shares of BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 539 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 793 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Up 0.6%

Shares of NYSE BWA opened at $43.97 on Monday. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $44.97. The firm’s 50 day moving average price is $43.26 and its 200 day moving average price is $36.65. The firm has a market cap of $9.52 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02.

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

BorgWarner Increases Dividend

The business 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 an increase from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. BorgWarner’s payout ratio is 72.34%.

BorgWarner declared that its board has authorized a share buyback program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 13.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently commented on BWA shares. JPMorgan Chase & Co. increased their price target on shares of BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen upgraded shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. The Goldman Sachs Group increased their price target on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Wells Fargo & Company increased their price target on shares of BorgWarner from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Finally, Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.21.

Insiders Place Their Bets

In other BorgWarner news, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the transaction, the director owned 78,903 shares of the company’s stock, valued at $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total transaction of $589,650.00. Following the transaction, the vice president directly owned 234,040 shares in the company, valued at approximately $9,200,112.40. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,272 shares of company stock valued at $1,263,318 over the last quarter. Company insiders own 0.45% of the company’s stock.

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.