Magnetar Financial LLC Takes Position in BorgWarner Inc. $BWA

Magnetar Financial LLC bought a new position in BorgWarner Inc. (NYSE:BWA) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 18,543 shares of the auto parts company’s stock, valued at approximately $621,000.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in BorgWarner by 1,133.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after buying an additional 714 shares in the last quarter. Assetmark Inc. grew its stake in shares of BorgWarner by 81.8% during the 2nd 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 period. Addison Advisors LLC grew its stake in shares of BorgWarner by 1,647.8% during the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 758 shares during the period. Manchester Capital Management LLC purchased a new stake in BorgWarner in the 1st quarter worth approximately $30,000. Finally, Trust Co. of Vermont lifted its holdings in BorgWarner by 55,000.0% during the second 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 in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the sale, the vice president directly owned 209,040 shares in the company, valued at $9,515,500.80. The trade was a 6.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the sale, the vice president owned 43,555 shares in the company, valued at $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,972 shares of company stock valued at $1,425,479 in the last three months. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Baird R W raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. increased their price target on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Robert W. Baird set a $54.00 price objective on BorgWarner in a research report on Friday, October 31st. Bank of America lowered BorgWarner from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $41.00 to $46.00 in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company lifted their target price on BorgWarner from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.08.

BorgWarner Trading Down 0.1%

Shares of BWA stock opened at $42.93 on Tuesday. 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 stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 45.67, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $46.39. The stock’s 50-day moving average price is $43.60 and its 200-day moving average price is $39.11.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The firm’s revenue for the quarter 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 research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner declared that its board has authorized a stock buyback plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 13.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.17 per share. The ex-dividend date is Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.6%. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

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.