BorgWarner Inc. $BWA Shares Sold by Huntington National Bank

Huntington National Bank trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 39.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,807 shares of the auto parts company’s stock after selling 1,181 shares during the period. Huntington National Bank’s holdings in BorgWarner were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of BorgWarner by 1,133.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 714 shares during the period. Assetmark Inc. increased its position in BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 364 shares during the last quarter. Manchester Capital Management LLC purchased a new position in BorgWarner during the first quarter worth approximately $30,000. Trust Co. of Vermont boosted its holdings in shares of BorgWarner by 55,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of BorgWarner by 111.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,108 shares of the auto parts company’s stock valued at $37,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Down 0.4%

NYSE BWA opened at $44.82 on Monday. 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 fifty-two week low of $24.40 and a fifty-two week high of $45.53. The business has a 50 day moving average price of $43.51 and a two-hundred day moving average price of $37.96. The stock has a market cap of $9.59 billion, a PE ratio of 47.68, a P/E/G ratio of 1.58 and a beta of 1.06.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner announced that its board has authorized a share repurchase program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in 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 usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays increased their target price on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Morgan Stanley lifted their price objective on BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Bank of America cut BorgWarner from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $41.00 to $46.00 in a report on Wednesday, September 10th. The Goldman Sachs Group raised their price target on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, Zacks Research cut shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.85.

Insider Buying and Selling at BorgWarner

In other news, Director Alexis P. Michas sold 8,772 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the sale, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 3,200 shares of BorgWarner stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total value of $141,536.00. Following the sale, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,472 shares of company stock valued at $1,404,854 in the last ninety days. Insiders own 0.45% of the company’s stock.

BorgWarner 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.