BorgWarner Inc. $BWA Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 10.9% during the second quarter, Holdings Channel.com reports. The firm owned 80,814 shares of the auto parts company’s stock after selling 9,873 shares during the period. Bank of Montreal Can’s holdings in BorgWarner were worth $2,706,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Trajan Wealth LLC raised its holdings in BorgWarner by 4.6% in the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock valued at $229,000 after buying an additional 353 shares during the period. Assetmark Inc. increased 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 valued at $27,000 after acquiring an additional 364 shares during the last quarter. Tectonic Advisors LLC raised its stake 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 acquiring an additional 388 shares during the period. Strengthening Families & Communities LLC lifted its holdings in shares of BorgWarner by 14.6% in the 1st 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 last quarter. Finally, AMG National Trust Bank lifted its holdings in shares of BorgWarner by 0.9% in the 2nd quarter. AMG National Trust Bank now owns 50,699 shares of the auto parts company’s stock worth $1,697,000 after acquiring an additional 453 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the sale, the vice president directly owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction 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 sale, the director directly owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.45% of the stock is owned by insiders.

BorgWarner Trading Up 0.5%

BWA opened at $46.00 on Thursday. The business has a fifty day moving average price of $43.68 and a 200 day moving average price of $38.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $46.37. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 1.58 and a beta of 1.06.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the company earned $1.09 EPS. BorgWarner’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. Sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner declared that its board has approved a stock repurchase plan on Thursday, July 31st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 13.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BWA shares. Wells Fargo & Company lifted their target price on shares of BorgWarner from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Evercore ISI lifted their price objective on BorgWarner from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. boosted their price objective on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays raised their target price on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Zacks Research lowered shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.85.

BorgWarner Company 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.