Royal Bank of Canada lessened its position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 29.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,514 shares of the auto parts company’s stock after selling 73,280 shares during the period. Royal Bank of Canada owned approximately 0.09% of BorgWarner worth $9,471,000 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 the company. Sivia Capital Partners LLC acquired a new position in BorgWarner during the second quarter valued at approximately $339,000. Louisiana State Employees Retirement System acquired a new stake in shares of BorgWarner in the first quarter worth $3,256,000. Northwestern Mutual Investment Management Company LLC purchased a new position in shares of BorgWarner in the 4th quarter valued at $2,157,000. Securian Asset Management Inc. purchased a new position in shares of BorgWarner in the 4th quarter valued at $702,000. Finally, Bessemer Group Inc. lifted its holdings in shares of BorgWarner by 5,773.0% during the 4th quarter. Bessemer Group Inc. now owns 201,386 shares of the auto parts company’s stock valued at $9,074,000 after acquiring an additional 197,957 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on BWA shares. JPMorgan Chase & Co. increased their price target on BorgWarner from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. TD Cowen boosted their price objective on BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday. Wells Fargo & Company upped their target price on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Barclays increased their target price on BorgWarner from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Wolfe Research reissued an “outperform” rating and set a $95.00 price target on shares of BorgWarner in a research report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.07.
BorgWarner Trading Up 0.1%
NYSE:BWA opened at $68.51 on Monday. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. BorgWarner Inc. has a one year low of $38.13 and a one year high of $78.82. 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 business’s 50-day simple moving average is $67.56 and its 200 day simple moving average is $60.24.
BorgWarner (NYSE:BWA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.14. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the firm earned $1.21 EPS. BorgWarner’s quarterly revenue was up .3% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, sell-side analysts predict that BorgWarner Inc. will post 5.17 earnings per share for the current fiscal year.
BorgWarner Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 1.0%. BorgWarner’s dividend payout ratio is currently 34.00%.
BorgWarner declared that its board has approved a share repurchase program on Wednesday, August 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to buy up to 7.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Insider Activity at BorgWarner
In other BorgWarner news, VP Isabelle Mckenzie sold 3,500 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $63.35, for a total transaction of $221,725.00. Following the transaction, the vice president directly owned 57,828 shares in the company, valued at $3,663,403.80. This represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the vice president directly owned 203,746 shares of the company’s stock, valued at $13,243,490. The trade was a 2.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,500 shares of company stock valued at $2,498,715 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.
About BorgWarner
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
Featured Stories
- Five stocks we like better than BorgWarner
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
- Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
- Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.
