BorgWarner Inc. $BWA Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in BorgWarner Inc. (NYSE:BWA) by 259.3% in the first quarter, Holdings Channel reports. The fund owned 97,074 shares of the auto parts company’s stock after buying an additional 70,057 shares during the quarter. Fifth Third Bancorp’s holdings in BorgWarner were worth $5,267,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Prosperity Bancshares Inc purchased a new stake in BorgWarner during the 4th quarter worth $37,000. Sound Income Strategies LLC boosted its holdings in BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 890 shares during the last quarter. Torren Management LLC purchased a new position in BorgWarner in the fourth quarter valued at about $48,000. Olistico Wealth LLC acquired a new stake in BorgWarner during the 4th quarter valued at approximately $50,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in BorgWarner during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BWA shares. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. TD Cowen raised their price objective on shares of BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a research note on Thursday, June 11th. Wells Fargo & Company lifted their target price on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $74.57.

Insider Activity at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the vice president owned 203,746 shares in the company, valued at approximately $13,243,490. This represents a 2.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isabelle Mckenzie sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $63.35, for a total value of $221,725.00. Following the completion of the transaction, the vice president owned 57,828 shares in the company, valued at $3,663,403.80. This trade represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 67,500 shares of company stock valued at $4,310,115 over the last ninety days. 0.76% of the stock is owned by company insiders.

BorgWarner Trading Down 0.5%

NYSE:BWA opened at $62.44 on Friday. The stock has a fifty day simple moving average of $68.07 and a 200 day simple moving average of $58.36. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.09. BorgWarner Inc. has a 1-year low of $34.27 and a 1-year high of $78.82. The company has a quick ratio of 1.75, a current ratio of 2.13 and a debt-to-equity ratio of 0.69.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Sell-side analysts forecast that BorgWarner Inc. will post 5.16 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 1st. BorgWarner’s dividend payout ratio is 40.24%.

BorgWarner 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.