Citizens Financial Group Inc. RI Makes New $2.54 Million Investment in BorgWarner Inc. $BWA

Citizens Financial Group Inc. RI purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) during the second quarter, Holdings Channel.com reports. The fund purchased 38,315 shares of the auto parts company’s stock, valued at approximately $2,544,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in BorgWarner during the 2nd quarter worth approximately $28,000. Prosperity Bancshares Inc purchased a new position in shares of BorgWarner in the fourth quarter worth $37,000. Grove Bank & Trust lifted 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 worth $67,000 after buying an additional 990 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in shares of BorgWarner during the first quarter worth $55,000. Finally, Torren Management LLC purchased a new stake in shares of BorgWarner during the fourth quarter valued at $48,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Trading Up 1.9%

NYSE BWA opened at $69.98 on Tuesday. The company has a market capitalization of $14.25 billion, a PE ratio of 34.99, a P/E/G ratio of 1.24 and a beta of 1.10. The company has a fifty day moving average of $66.90 and a 200 day moving average of $61.14. BorgWarner Inc. has a 1 year low of $40.50 and a 1 year high of $78.82. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.76.

BorgWarner (NYSE:BWA) last announced 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 company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Research analysts forecast that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner announced that its board has approved a stock buyback program on Wednesday, August 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

BorgWarner Dividend Announcement

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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s dividend payout ratio (DPR) is 34.00%.

Analyst Ratings Changes

BWA has been the topic of several research reports. UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and upped their target price for the company from $61.00 to $95.00 in a research report on Wednesday, June 10th. Barclays boosted their price target on BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Wall Street Zen upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Wells Fargo & Company lifted their target price on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Finally, TD Cowen upped their target price on BorgWarner from $67.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.93.

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.