Towle & Co. Sells 86,404 Shares of BorgWarner Inc. $BWA

Towle & Co. lessened its position in BorgWarner Inc. (NYSE:BWA) by 38.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,353 shares of the auto parts company’s stock after selling 86,404 shares during the period. BorgWarner comprises about 2.9% of Towle & Co.’s portfolio, making the stock its 9th largest holding. Towle & Co.’s holdings in BorgWarner were worth $7,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWA. AQR Capital Management LLC raised its stake in BorgWarner by 119.7% in 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 buying an additional 4,095,902 shares during the period. Norges Bank bought a new stake in shares of BorgWarner during the 4th quarter worth about $156,794,000. Millennium Management LLC grew its stake in BorgWarner by 94.5% in the 4th quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock valued at $94,663,000 after buying an additional 1,020,726 shares during the last quarter. SEB Asset Management AB bought a new position in BorgWarner in the 1st quarter valued at about $50,930,000. Finally, Adage Capital Partners GP L.L.C. lifted its position in BorgWarner by 233.6% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock worth $37,196,000 after acquiring an additional 778,000 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $81.00 price target on BorgWarner in a report on Tuesday, April 21st. Wall Street Zen raised BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Barclays upped their price target on shares of BorgWarner from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their price target on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.57.

Insiders Place Their Bets

In other news, CEO Joseph F. Fadool sold 29,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the completion of the transaction, the chief executive officer owned 405,964 shares of the company’s stock, valued at approximately $27,325,436.84. The trade was a 6.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total value of $221,725.00. Following the sale, the vice president owned 57,828 shares of the company’s stock, valued at approximately $3,663,403.80. This represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 67,500 shares of company stock worth $4,310,115. 0.76% of the stock is currently owned by company insiders.

BorgWarner Stock Performance

NYSE:BWA opened at $64.43 on Friday. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 1.37 and a beta of 1.09. BorgWarner Inc. has a fifty-two week low of $34.27 and a fifty-two week high of $78.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. The stock has a fifty day moving average price of $67.92 and a 200-day moving average price of $58.95.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.BorgWarner’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, equities analysts anticipate that BorgWarner Inc. will post 5.16 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.17 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio (DPR) is presently 40.24%.

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.