Bull Harbor Capital LLC Acquires New Stake in BorgWarner Inc. $BWA

Bull Harbor Capital LLC acquired a new stake in BorgWarner Inc. (NYSE:BWA) during the first quarter, Holdings Channel reports. The fund acquired 19,453 shares of the auto parts company’s stock, valued at approximately $1,056,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Dimensional Fund Advisors LP raised its position in shares of BorgWarner by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock valued at $538,996,000 after buying an additional 178,853 shares during the last quarter. AQR Capital Management LLC boosted its position in BorgWarner by 22.7% during the fourth quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock worth $415,559,000 after acquiring an additional 1,703,576 shares during the last quarter. State Street Corp boosted its position in BorgWarner by 5.3% during the second quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after acquiring an additional 380,942 shares during the last quarter. LSV Asset Management grew its stake in BorgWarner by 6.7% during the 4th quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock valued at $290,481,000 after acquiring an additional 402,887 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in BorgWarner by 10.9% during the 4th quarter. Geode Capital Management LLC now owns 4,297,717 shares of the auto parts company’s stock valued at $193,695,000 after acquiring an additional 423,933 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BWA. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Barclays upped their price target on BorgWarner from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Wells Fargo & Company increased their price target on BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft set a $81.00 price objective on BorgWarner in a research report on Tuesday, April 21st. Finally, Sanford C. Bernstein raised BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $74.57.

Insiders Place Their Bets

In other BorgWarner news, VP Isabelle Mckenzie sold 3,500 shares of BorgWarner 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 in the company, valued at $3,663,403.80. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph F. Fadool sold 29,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total value of $1,951,990.00. Following the completion of the transaction, the chief executive officer directly owned 405,964 shares in the company, valued at approximately $27,325,436.84. This trade represents a 6.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 67,500 shares of company stock valued at $4,310,115. Insiders own 0.76% of the company’s stock.

BorgWarner Price Performance

Shares of BWA stock opened at $62.10 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The firm’s 50-day moving average is $68.01 and its two-hundred day moving average is $59.39. 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 $12.74 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09.

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

About BorgWarner

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.