EMC Capital Management Makes New $165,000 Investment in BorgWarner Inc. $BWA

EMC Capital Management bought a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,923 shares of the auto parts company’s stock, valued at approximately $165,000.

Other hedge funds have also modified their holdings of the company. Blackston Financial Advisory Group LLC grew its holdings in BorgWarner by 3.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock valued at $267,000 after purchasing an additional 265 shares during the period. Trajan Wealth LLC boosted its position in shares of BorgWarner by 4.6% during the first quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock worth $229,000 after purchasing an additional 353 shares in the last quarter. Assetmark Inc. boosted its position 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. Tectonic Advisors LLC increased its position in shares of BorgWarner by 2.3% in the 2nd quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock valued at $569,000 after buying an additional 388 shares in the last quarter. Finally, Strengthening Families & Communities LLC raised its stake in BorgWarner by 14.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company’s stock worth $95,000 after buying an additional 421 shares during the period. 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 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total value of $141,536.00. Following the completion of the transaction, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total value of $682,800.00. Following the transaction, the vice president directly owned 209,040 shares in the company, valued at $9,515,500.80. This trade represents a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 31,972 shares of company stock valued at $1,425,479. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BWA. Morgan Stanley boosted their target price on BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Baird R W upgraded BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Zacks Research downgraded shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Bank of America cut shares of BorgWarner from a “buy” rating to a “neutral” rating and upped their price target for the company from $41.00 to $46.00 in a report on Wednesday, September 10th. Finally, UBS Group increased their price objective on shares of BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.85.

BorgWarner Stock Performance

Shares of BWA stock opened at $43.56 on Wednesday. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $46.39. The company’s fifty day simple moving average is $43.70 and its 200-day simple moving average is $38.76. The firm has a market cap of $9.32 billion, a PE ratio of 46.34, a P/E/G ratio of 1.58 and a beta of 1.06. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

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

BorgWarner announced that its Board of Directors has approved a share repurchase 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 buy up to 13.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 1st. BorgWarner’s dividend payout ratio is presently 107.94%.

About BorgWarner

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.