Maxi Investments CY Ltd Buys New Position in BorgWarner Inc. $BWA

Maxi Investments CY Ltd purchased a new position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,346 shares of the auto parts company’s stock, valued at approximately $922,000.

Several other institutional investors have also bought and sold shares of BWA. Citizens Financial Group Inc. RI boosted its holdings in BorgWarner by 3.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 39,516 shares of the auto parts company’s stock worth $2,375,000 after acquiring an additional 1,201 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of BorgWarner by 7.4% in the 3rd quarter. Sowell Financial Services LLC now owns 3,618 shares of the auto parts company’s stock worth $217,000 after acquiring an additional 248 shares in the last quarter. Kendall Capital Management grew its stake in shares of BorgWarner by 1.6% in the 3rd quarter. Kendall Capital Management now owns 62,855 shares of the auto parts company’s stock worth $3,778,000 after acquiring an additional 970 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of BorgWarner by 16.8% in the third quarter. Evergreen Capital Management LLC now owns 21,054 shares of the auto parts company’s stock valued at $1,266,000 after purchasing an additional 3,024 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of BorgWarner by 84.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 12,802 shares of the auto parts company’s stock valued at $770,000 after purchasing an additional 5,861 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, Director Rajesh Kalathur bought 7,407 shares of BorgWarner stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the purchase, the director directly owned 7,407 shares of the company’s stock, valued at approximately $500,639.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael S. Hanley sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $65.51, for a total transaction of $327,550.00. Following the completion of the sale, the director directly owned 34,313 shares in the company, valued at approximately $2,247,844.63. This trade represents a 12.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BWA shares. Barclays boosted their price target on shares of BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Robert W. Baird set a $79.00 price objective on shares of BorgWarner in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on shares of BorgWarner in a research note on Thursday, August 6th. Morgan Stanley lifted their target price on shares of BorgWarner from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their target price on BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Check Out Our Latest Report on BorgWarner

BorgWarner Price Performance

Shares of NYSE BWA opened at $55.13 on Tuesday. 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 stock has a fifty day simple moving average of $62.36 and a two-hundred day simple moving average of $60.41. BorgWarner Inc. has a 1-year low of $40.73 and a 1-year high of $78.82. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 0.81 and a beta of 1.16.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.58 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The business’s revenue was up .3% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Analysts anticipate that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner declared that its board has approved a stock buyback program on Wednesday, August 5th that allows the company to repurchase $1 billion in shares. This repurchase authorization allows the auto parts company to reacquire up to 7.7% of its stock through open market purchases. Share repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 1.2%. BorgWarner’s dividend payout ratio is 34.00%.

BorgWarner Profile

(Free Report)

BorgWarner Inc (NYSE:BWA) is a global automotive technology company that develops and manufactures propulsion and mobility systems for vehicle manufacturers and commercial vehicle customers. The company serves both internal-combustion and electrified vehicle markets, with a portfolio focused on improving vehicle efficiency, performance, emissions, and electrification.

Its products and technologies include turbochargers, emissions and thermal-management systems, transmission components, friction products, battery systems, battery charging equipment, power electronics, electric motors, and other electric-drive components.

Further Reading

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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