BorgWarner Inc. $BWA Shares Bought by Swedbank AB

Swedbank AB raised its holdings in BorgWarner Inc. (NYSE:BWA) by 28.2% during the first quarter, Holdings Channel reports. The institutional investor owned 2,075,456 shares of the auto parts company’s stock after buying an additional 456,906 shares during the period. Swedbank AB’s holdings in BorgWarner were worth $59,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in BorgWarner by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 11,568,627 shares of the auto parts company’s stock valued at $331,429,000 after buying an additional 284,587 shares in the last quarter. LSV Asset Management raised its stake in BorgWarner by 36.7% in the first quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock valued at $168,722,000 after buying an additional 1,580,935 shares in the last quarter. Turtle Creek Asset Management Inc. raised its stake in BorgWarner by 7.0% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company’s stock valued at $129,664,000 after buying an additional 267,250 shares in the last quarter. American Century Companies Inc. raised its stake in BorgWarner by 1.7% in the first quarter. American Century Companies Inc. now owns 3,716,576 shares of the auto parts company’s stock valued at $106,480,000 after buying an additional 60,382 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in BorgWarner by 8.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,439,068 shares of the auto parts company’s stock valued at $77,538,000 after buying an additional 184,001 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

BWA stock opened at $43.69 on Friday. The firm has a 50 day moving average of $39.37 and a 200-day moving average of $33.46. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $44.45. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 1.46 and a beta of 1.09.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the firm earned $1.19 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. As a group, equities analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner declared that its Board of Directors has initiated a stock buyback program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to purchase up to 13.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

BorgWarner Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. This is an increase from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s payout ratio is presently 72.34%.

Insider Buying and Selling

In related news, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the transaction, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. The trade was a 10.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total value of $589,650.00. Following the transaction, the vice president owned 234,040 shares of the company’s stock, valued at $9,200,112.40. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,272 shares of company stock worth $1,263,318 in the last ninety days. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of analyst reports. UBS Group raised their price target on BorgWarner from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Evercore ISI raised their price objective on BorgWarner from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. JPMorgan Chase & Co. raised their price objective on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Barclays reissued an “overweight” rating and set a $45.00 price target (up previously from $42.00) on shares of BorgWarner in a report on Wednesday, July 16th. Finally, Wall Street Zen raised BorgWarner from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.