BorgWarner Inc. $BWA Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 67.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,659 shares of the auto parts company’s stock after buying an additional 15,116 shares during the quarter. Impax Asset Management Group plc’s holdings in BorgWarner were worth $1,261,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of BorgWarner by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,568,627 shares of the auto parts company’s stock valued at $331,429,000 after acquiring an additional 284,587 shares during the last quarter. LSV Asset Management grew its holdings in shares of BorgWarner by 36.7% in the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock worth $168,722,000 after acquiring an additional 1,580,935 shares during the last quarter. American Century Companies Inc. raised its position in shares of BorgWarner by 1.7% during the first quarter. American Century Companies Inc. now owns 3,716,576 shares of the auto parts company’s stock worth $106,480,000 after purchasing an additional 60,382 shares during the period. Swedbank AB lifted its holdings in shares of BorgWarner by 23.3% during the second quarter. Swedbank AB now owns 2,558,425 shares of the auto parts company’s stock valued at $85,656,000 after purchasing an additional 482,969 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of BorgWarner by 144.7% during the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock valued at $57,579,000 after purchasing an additional 1,188,466 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BWA. Baird R W raised BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Piper Sandler raised 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. Morgan Stanley lifted their target price on shares of BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Wells Fargo & Company upped their price target on shares of BorgWarner from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Finally, The Goldman Sachs Group raised their price objective on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.85.

BorgWarner Trading Down 1.4%

NYSE:BWA opened at $45.36 on Friday. The stock has a market cap of $9.70 billion, a PE ratio of 48.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $46.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. The stock’s 50-day moving average is $43.71 and its two-hundred day moving average is $38.31.

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, topping 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 analyst estimates of $3.58 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’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, equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

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

Insider Activity

In related news, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the sale, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. This trade represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total value of $371,143.32. Following the sale, the director owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This represents a 10.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,972 shares of company stock worth $1,425,479 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

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.