Meeder Asset Management Inc. Buys New Stake in BorgWarner Inc. $BWA

Meeder Asset Management Inc. purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,538 shares of the auto parts company’s stock, valued at approximately $2,227,000.

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in shares of BorgWarner in the 2nd quarter worth $28,000. Prosperity Bancshares Inc purchased a new position in BorgWarner during the fourth quarter worth about $37,000. Torren Management LLC purchased a new position in BorgWarner during the fourth quarter worth about $48,000. Cedar Mountain Advisors LLC acquired a new stake in BorgWarner in the first quarter valued at about $55,000. Finally, Grove Bank & Trust boosted its holdings in BorgWarner by 4,304.3% in the 2nd quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 990 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $67.97 on Wednesday. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.76. The business’s 50 day simple moving average is $66.79 and its 200-day simple moving average is $61.27. BorgWarner Inc. has a 12 month low of $40.50 and a 12 month high of $78.82.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. The firm had revenue of $3.65 billion during 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%.BorgWarner’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, equities analysts forecast that BorgWarner Inc. will post 5.19 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s dividend payout ratio (DPR) is currently 34.00%.

BorgWarner declared that its board has authorized a share buyback program on Wednesday, August 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

BWA has been the topic of several recent analyst reports. TD Cowen boosted their target price on BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Robert W. Baird set a $79.00 price target on BorgWarner in a research note on Thursday, August 6th. Morgan Stanley upped 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. Barclays increased their price objective on BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, UBS Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $61.00 to $95.00 in a research report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.