Yousif Capital Management LLC Buys 1,317 Shares of BorgWarner Inc. $BWA

Yousif Capital Management LLC increased its stake in BorgWarner Inc. (NYSE:BWA) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,196 shares of the auto parts company’s stock after purchasing an additional 1,317 shares during the period. Yousif Capital Management LLC’s holdings in BorgWarner were worth $3,020,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Trajan Wealth LLC lifted its stake in BorgWarner by 4.6% in the first quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock worth $229,000 after acquiring an additional 353 shares during the period. Tectonic Advisors LLC lifted its stake in BorgWarner by 2.3% in the second quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock worth $569,000 after acquiring an additional 388 shares during the period. Farther Finance Advisors LLC lifted its stake in BorgWarner by 26.1% in the first quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 407 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in BorgWarner by 5.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company’s stock worth $225,000 after acquiring an additional 421 shares during the period. Finally, Strengthening Families & Communities LLC lifted its stake in BorgWarner by 14.6% in the first quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company’s stock worth $95,000 after acquiring an additional 421 shares during the period. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $42.83 on Friday. 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 firm has a market capitalization of $9.27 billion, a P/E ratio of 45.56, a P/E/G ratio of 1.56 and a beta of 1.09. The business has a fifty day simple moving average of $42.88 and a two-hundred day simple moving average of $35.82. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $44.97.

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

BorgWarner Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s payout ratio is presently 72.34%.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays raised their price target on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Wall Street Zen raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Zacks Research lowered BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird raised BorgWarner from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $52.00 in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company raised their price target on BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.64.

Insider Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the transaction, the vice president owned 55,945 shares of the company’s stock, valued at $2,238,359.45. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of BorgWarner 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 transaction, the director directly owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,272 shares of company stock valued at $1,263,318 in the last quarter. 0.45% of the stock is owned by insiders.

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.