BorgWarner Inc. $BWA Shares Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its position in BorgWarner Inc. (NYSE:BWA) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,093,306 shares of the auto parts company’s stock after buying an additional 94,470 shares during the quarter. Great Lakes Advisors LLC’s holdings in BorgWarner were worth $48,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. State Street Corp boosted its stake in BorgWarner by 5.3% during the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after purchasing an additional 380,942 shares during the period. American Century Companies Inc. boosted its stake in shares of BorgWarner by 1.6% during the second quarter. American Century Companies Inc. now owns 3,774,828 shares of the auto parts company’s stock worth $126,381,000 after buying an additional 58,252 shares during the period. AQR Capital Management LLC increased its position in BorgWarner by 307.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock valued at $114,153,000 after acquiring an additional 2,582,105 shares during the period. Norges Bank acquired a new stake in BorgWarner during the 2nd quarter worth approximately $110,234,000. Finally, Sei Investments Co. lifted its position in BorgWarner by 1.8% during the 2nd quarter. Sei Investments Co. now owns 2,515,692 shares of the auto parts company’s stock worth $84,225,000 after acquiring an additional 44,615 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BorgWarner

In related news, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the sale, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. The trade was a 6.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the transaction, the vice president owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,200 shares of company stock valued at $1,054,336 in the last ninety days. Corporate insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

BWA has been the subject of several analyst reports. Wells Fargo & Company cut their price target on BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. Robert W. Baird set a $55.00 price objective on shares of BorgWarner in a research report on Wednesday, January 14th. Piper Sandler reaffirmed a “neutral” rating and issued a $51.00 target price (down previously from $52.00) on shares of BorgWarner in a report on Thursday, January 8th. Zacks Research cut shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. lifted their price objective on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.31.

BorgWarner Price Performance

BWA stock opened at $48.30 on Thursday. The firm has a 50 day moving average of $45.46 and a 200-day moving average of $43.09. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 76.67, a PEG ratio of 0.98 and a beta of 1.06. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $48.93.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. As a group, equities analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.17 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. BorgWarner’s dividend payout ratio (DPR) is currently 107.94%.

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.