42,615 Shares in BorgWarner Inc. $BWA Purchased by Paralel Advisors LLC

Paralel Advisors LLC bought a new position in BorgWarner Inc. (NYSE:BWAFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 42,615 shares of the auto parts company’s stock, valued at approximately $2,830,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BWA. BlackRock Inc. purchased a new stake in shares of BorgWarner during the 2nd quarter valued at about $1,678,187,000. AQR Capital Management LLC raised its holdings in shares of BorgWarner by 119.7% during the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after purchasing an additional 4,095,902 shares during the last quarter. Norges Bank bought a new position in BorgWarner during the fourth quarter valued at approximately $156,794,000. Bank of New York Mellon Corp purchased a new stake in BorgWarner in the second quarter worth approximately $112,292,000. Finally, Millennium Management LLC boosted its holdings in BorgWarner by 94.5% in the fourth quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock worth $94,663,000 after purchasing an additional 1,020,726 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In related news, Director Rajesh Kalathur purchased 7,407 shares of BorgWarner stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the transaction, the director directly owned 7,407 shares in the company, valued at $500,639.13. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy B. Kulikowski sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total value of $198,940.00. Following the completion of the transaction, the chief accounting officer directly owned 9,725 shares in the company, valued at $667,135. This trade represents a 22.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BWA shares. Barclays boosted their target price on shares of BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price target on BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Morgan Stanley lifted their price objective on BorgWarner from $67.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Sanford C. Bernstein upgraded BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen raised BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.93.

Read Our Latest Research Report on BorgWarner

BorgWarner Stock Down 2.4%

Shares of BWA stock opened at $64.66 on Friday. BorgWarner Inc. has a 12 month low of $40.50 and a 12 month high of $78.82. The stock has a market cap of $13.17 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.19 and a beta of 1.10. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. The company has a 50 day simple moving average of $66.48 and a two-hundred day simple moving average of $61.52.

BorgWarner (NYSE:BWAGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, research analysts expect that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner announced that its board has initiated a stock buyback program on Wednesday, August 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

BorgWarner Announces Dividend

The business also recently announced 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. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s dividend payout ratio (DPR) is currently 34.00%.

BorgWarner Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWAFree Report).

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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.