Cambiar Investors LLC Buys New Holdings in BorgWarner Inc. $BWA

Cambiar Investors LLC bought a new stake in BorgWarner Inc. (NYSE:BWA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 298,265 shares of the auto parts company’s stock, valued at approximately $9,986,000. Cambiar Investors LLC owned about 0.14% of BorgWarner at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 714 shares in the last quarter. Assetmark Inc. lifted its stake in shares of BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 364 shares in the last quarter. Manchester Capital Management LLC acquired a new position in shares of BorgWarner during the first quarter worth about $30,000. Trust Co. of Vermont lifted its stake in shares of BorgWarner by 55,000.0% during the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of BorgWarner by 111.9% during the second quarter. Hantz Financial Services Inc. now owns 1,108 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 585 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Down 2.6%

NYSE:BWA opened at $42.99 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. BorgWarner Inc. has a one year low of $24.40 and a one year high of $44.97. The business’s 50-day simple moving average is $43.38 and its 200 day simple moving average is $37.25. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to repurchase up to 13.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Baird R W upgraded BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. UBS Group boosted their price objective on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Morgan Stanley boosted their price objective on BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Piper Sandler boosted their price target on BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.36.

Insider Activity at BorgWarner

In related news, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total value of $371,143.32. Following the completion of the sale, the director directly owned 78,903 shares of the company’s stock, valued at $3,338,385.93. The trade was a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total value of $202,500.00. Following the completion of the sale, the vice president directly owned 229,040 shares of the company’s stock, valued at approximately $9,276,120. This represents a 2.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,272 shares of company stock valued at $1,263,318 over the last three months. 0.45% of the stock is owned by insiders.

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.