BorgWarner Inc. $BWA Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of BorgWarner Inc. (NYSE:BWA) by 39.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,403 shares of the auto parts company’s stock after selling 8,158 shares during the period. Sterling Capital Management LLC’s holdings in BorgWarner were worth $673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BWA. Louisiana State Employees Retirement System purchased a new position in shares of BorgWarner in the first quarter valued at approximately $3,256,000. Ritholtz Wealth Management increased its position in shares of BorgWarner by 46.9% during the first quarter. Ritholtz Wealth Management now owns 73,601 shares of the auto parts company’s stock worth $3,994,000 after purchasing an additional 23,509 shares in the last quarter. Blue Trust Inc. increased its position in shares of BorgWarner by 8.4% during the first quarter. Blue Trust Inc. now owns 17,733 shares of the auto parts company’s stock worth $962,000 after purchasing an additional 1,377 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in BorgWarner by 3.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,064 shares of the auto parts company’s stock valued at $383,000 after purchasing an additional 216 shares during the last quarter. Finally, OP Asset Management Ltd purchased a new position in BorgWarner in the 1st quarter valued at $1,389,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the transaction, the executive vice president owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. This trade represents a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $59.26, for a total transaction of $1,185,200.00. Following the completion of the transaction, the vice president directly owned 213,746 shares of the company’s stock, valued at $12,666,587.96. This represents a 8.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,500 shares of company stock valued at $4,310,115 over the last three months. 0.76% of the stock is currently owned by company insiders.

BorgWarner Price Performance

Shares of BWA stock opened at $64.40 on Thursday. BorgWarner Inc. has a 12 month low of $34.27 and a 12 month high of $78.82. The company has a market capitalization of $13.21 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09. The firm’s 50-day moving average is $66.32 and its two-hundred day moving average is $56.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Analysts predict that BorgWarner Inc. will post 5.18 earnings per share for the current year.

BorgWarner Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BWA. UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $95.00 in a research note on Wednesday, June 10th. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Barclays raised their price target on shares of BorgWarner from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. TD Cowen upped their price objective on shares of BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price objective on shares of BorgWarner in a report on Thursday, June 11th. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

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.