BorgWarner Inc. $BWA Shares Sold by Edmp Inc.

Edmp Inc. lowered its position in shares of BorgWarner Inc. (NYSE:BWA) by 14.4% in the 2nd quarter, Holdings Channel reports. The fund owned 47,832 shares of the auto parts company’s stock after selling 8,043 shares during the period. Edmp Inc.’s holdings in BorgWarner were worth $1,601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BWA. Global X Japan Co. Ltd. boosted its stake in BorgWarner by 133.4% during the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 523 shares during the period. Manchester Capital Management LLC acquired a new position in BorgWarner during the 1st quarter valued at about $30,000. Trust Co. of Vermont boosted its stake in BorgWarner by 55,000.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,100 shares during the period. Meeder Asset Management Inc. boosted its stake in BorgWarner by 63.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 539 shares during the period. Finally, Allworth Financial LP boosted its stake in BorgWarner by 123.1% during the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 793 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Down 0.0%

BWA stock opened at $41.20 on Tuesday. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $44.97. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 1.36 and a beta of 1.09. The company has a 50 day moving average of $42.62 and a two-hundred day moving average of $35.64.

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

BorgWarner announced that its board has authorized a stock buyback program on Thursday, July 31st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 13.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

BorgWarner Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.17 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. BorgWarner’s dividend payout ratio is presently 72.34%.

Insider Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the sale, the vice president directly owned 55,945 shares in the company, valued at approximately $2,238,359.45. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total transaction of $202,500.00. Following the transaction, the vice president owned 229,040 shares of the company’s stock, valued at approximately $9,276,120. The trade was a 2.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,272 shares of company stock worth $1,263,318. 0.63% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, October 8th. Evercore ISI boosted their price target on shares of BorgWarner from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays boosted their price target on shares of BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Research upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, Piper Sandler boosted their target price on shares of BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $44.64.

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.