Drum Hill Capital LLC Sells 20,739 Shares of BorgWarner Inc. $BWA

Drum Hill Capital LLC decreased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 16.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 101,688 shares of the auto parts company’s stock after selling 20,739 shares during the period. BorgWarner makes up 4.8% of Drum Hill Capital LLC’s holdings, making the stock its 6th largest position. Drum Hill Capital LLC’s holdings in BorgWarner were worth $4,582,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of BorgWarner by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock valued at $1,212,345,000 after acquiring an additional 667,788 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in BorgWarner by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,782,629 shares of the auto parts company’s stock valued at $517,960,000 after buying an additional 155,871 shares during the last quarter. State Street Corp grew its holdings in BorgWarner by 5.3% in the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after buying an additional 380,942 shares during the last quarter. AQR Capital Management LLC grew its holdings in BorgWarner by 119.7% in the 3rd quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after buying an additional 4,095,902 shares during the last quarter. Finally, LSV Asset Management grew its holdings in BorgWarner by 4.7% in the 3rd quarter. LSV Asset Management now owns 6,043,654 shares of the auto parts company’s stock valued at $265,679,000 after buying an additional 272,387 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of BWA stock opened at $52.50 on Thursday. The stock has a 50 day moving average of $55.29 and a two-hundred day moving average of $48.53. The company has a current ratio of 2.07, a quick ratio of 1.70 and a debt-to-equity ratio of 0.69. BorgWarner Inc. has a 12 month low of $25.69 and a 12 month high of $70.08. The company has a market capitalization of $10.82 billion, a P/E ratio of 42.00, a P/E/G ratio of 1.09 and a beta of 1.04.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.19. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter last year, the company earned $1.01 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, equities analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.17 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. BorgWarner’s dividend payout ratio (DPR) is currently 54.40%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company lowered their target price on BorgWarner to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Wolfe Research raised BorgWarner from a “peer perform” rating to an “outperform” rating and set a $68.00 target price on the stock in a report on Wednesday, March 25th. UBS Group raised their target price on BorgWarner from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on BorgWarner from $56.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $51.00 target price (down from $52.00) on shares of BorgWarner in a report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.31.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 17,867 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $63.43, for a total value of $1,133,303.81. Following the completion of the sale, the executive vice president owned 45,429 shares in the company, valued at approximately $2,881,561.47. This trade represents a 28.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tonit M. Calaway sold 14,021 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.46, for a total value of $721,520.66. Following the completion of the sale, the executive vice president owned 204,913 shares of the company’s stock, valued at $10,544,822.98. This represents a 6.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 78,083 shares of company stock worth $4,638,585. 0.76% of the stock is currently owned by corporate insiders.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.