Pacer Advisors Inc. Sells 159,828 Shares of BorgWarner Inc. $BWA

Pacer Advisors Inc. lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 951,066 shares of the auto parts company’s stock after selling 159,828 shares during the period. Pacer Advisors Inc.’s holdings in BorgWarner were worth $51,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prosperity Bancshares Inc acquired a new position in shares of BorgWarner during the 4th quarter worth about $37,000. Sound Income Strategies LLC increased its position in shares of BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 890 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of BorgWarner in the first quarter valued at about $55,000. Torren Management LLC bought a new stake in BorgWarner during the fourth quarter worth about $48,000. Finally, Root Financial Partners LLC raised its holdings in BorgWarner by 111.0% during the first quarter. Root Financial Partners LLC now owns 1,557 shares of the auto parts company’s stock worth $84,000 after acquiring an additional 819 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $63.35, for a total transaction of $221,725.00. Following the completion of the sale, the vice president directly owned 57,828 shares in the company, valued at $3,663,403.80. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $59.26, for a total value of $1,185,200.00. Following the sale, the vice president owned 213,746 shares of the company’s stock, valued at approximately $12,666,587.96. This represents a 8.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 67,500 shares of company stock valued at $4,310,115 in the last 90 days. Insiders own 0.76% of the company’s stock.

BorgWarner Trading Down 0.7%

Shares of BorgWarner stock opened at $63.31 on Tuesday. 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 business has a fifty day simple moving average of $67.93 and a two-hundred day simple moving average of $59.72. BorgWarner Inc. has a 1 year low of $37.36 and a 1 year high of $78.82. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 1.36 and a beta of 1.09.

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

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s dividend payout ratio is currently 40.24%.

Analysts Set New Price Targets

BWA has been the topic of several recent analyst reports. TD Cowen boosted their price target on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price objective on BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. 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 report on Wednesday, June 10th. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a research note on Thursday, June 11th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average target price of $74.57.

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.