Pallas Capital Advisors LLC purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,364 shares of the auto parts company’s stock, valued at approximately $1,485,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new position in BorgWarner during the 2nd quarter valued at approximately $28,000. Prosperity Bancshares Inc acquired a new position in BorgWarner during the 4th quarter valued at about $37,000. Grove Bank & Trust increased its stake in shares of BorgWarner by 4,304.3% during the second quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 990 shares during the period. Cedar Mountain Advisors LLC bought a new stake in shares of BorgWarner in the 1st quarter worth $55,000. Finally, Torren Management LLC bought a new stake in BorgWarner in the fourth quarter worth about $48,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on BWA. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a report on Thursday, June 11th. UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $61.00 to $95.00 in a research report on Wednesday, June 10th. Weiss Ratings raised BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. upped their price objective on shares of BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.93.
BorgWarner Stock Performance
Shares of NYSE BWA opened at $69.98 on Tuesday. The business has a fifty day simple moving average of $66.90 and a 200 day simple moving average of $61.14. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.24 and a beta of 1.10. BorgWarner Inc. has a one year low of $40.50 and a one year high of $78.82. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67.
BorgWarner (NYSE:BWA – Get Free Report) last issued its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Sell-side analysts expect that BorgWarner Inc. will post 5.19 EPS for the current year.
BorgWarner Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 1.0%. BorgWarner’s dividend payout ratio is presently 34.00%.
BorgWarner declared that its board has initiated a share buyback plan on Wednesday, August 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
BorgWarner Company Profile
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.
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