Vise Technologies Inc. Invests $376,000 in BorgWarner Inc. $BWA

Vise Technologies Inc. purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,223 shares of the auto parts company’s stock, valued at approximately $376,000.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of BorgWarner by 1,133.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 714 shares during the period. Assetmark Inc. raised its position in BorgWarner by 81.8% in the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 364 shares during the period. Addison Advisors LLC lifted its stake in shares of BorgWarner by 1,647.8% during the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 758 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in shares of BorgWarner in the first quarter worth about $30,000. Finally, Trust Co. of Vermont boosted its position in shares of BorgWarner by 55,000.0% in the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock worth $37,000 after buying an additional 1,100 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

Shares of BWA stock opened at $44.75 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a one year low of $24.40 and a one year high of $46.39. The company’s 50-day simple moving average is $43.73 and its 200-day simple moving average is $38.49.

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

BorgWarner Dividend Announcement

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

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their price target on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Bank of America downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $41.00 to $46.00 in a research note on Wednesday, September 10th. Morgan Stanley raised 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. JPMorgan Chase & Co. increased their price target on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, UBS Group raised their price objective on BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.85.

Insider Activity

In other news, VP Isabelle Mckenzie sold 3,200 shares of the company’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 transaction of $141,536.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of the firm’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 completion of the sale, the vice president directly owned 209,040 shares in the company, valued at approximately $9,515,500.80. This trade represents a 6.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 31,972 shares of company stock valued at $1,425,479. Company insiders own 0.45% of the company’s stock.

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.