BorgWarner Inc. $BWA Shares Bought by 111 Capital

111 Capital raised its stake in BorgWarner Inc. (NYSE:BWA) by 80.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 26,210 shares of the auto parts company’s stock after purchasing an additional 11,702 shares during the quarter. 111 Capital’s holdings in BorgWarner were worth $878,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Global X Japan Co. Ltd. lifted its position in BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after buying an additional 523 shares during the last quarter. Manchester Capital Management LLC acquired a new position in BorgWarner in the first quarter valued at about $30,000. Trust Co. of Vermont lifted its position in BorgWarner by 55,000.0% in the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after buying an additional 1,100 shares during the last quarter. Meeder Asset Management Inc. lifted its position in BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after buying an additional 539 shares during the last quarter. Finally, Allworth Financial LP lifted its position in BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after buying an additional 793 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BWA. Morgan Stanley upped their target price on shares of BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Bank of America cut shares of BorgWarner from a “buy” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $46.00 in a research report on Wednesday, September 10th. JPMorgan Chase & Co. increased their price target on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Piper Sandler increased their price target on shares of BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company increased their price target on shares of BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.79.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total value of $371,143.32. Following the transaction, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $39.31, for a total transaction of $589,650.00. Following the completion of the transaction, the vice president owned 234,040 shares in the company, valued at $9,200,112.40. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,272 shares of company stock worth $1,263,318 over the last three months. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 0.8%

Shares of NYSE:BWA opened at $44.77 on Friday. The firm’s 50 day moving average price is $41.91 and its 200 day moving average price is $35.04. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 47.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $44.90. 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 (NYSE:BWA) last issued its earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.56 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. BorgWarner’s payout ratio is currently 72.34%.

BorgWarner declared that its Board of Directors has approved a stock buyback plan on Thursday, July 31st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

BorgWarner Company 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.