Leith Wheeler Investment Counsel Ltd. Reduces Holdings in BorgWarner Inc. $BWA

Leith Wheeler Investment Counsel Ltd. lessened its stake in shares of BorgWarner Inc. (NYSE:BWA) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 492,802 shares of the auto parts company’s stock after selling 44,361 shares during the period. BorgWarner accounts for about 2.2% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 9th biggest holding. Leith Wheeler Investment Counsel Ltd.’s holdings in BorgWarner were worth $26,739,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BWA. Dimensional Fund Advisors LP grew its position in shares of BorgWarner by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock worth $538,996,000 after buying an additional 178,853 shares in the last quarter. AQR Capital Management LLC increased its holdings in BorgWarner by 22.7% during the fourth quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock valued at $415,559,000 after buying an additional 1,703,576 shares during the period. State Street Corp increased its holdings in shares of 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 acquiring an additional 380,942 shares during the period. LSV Asset Management raised its holdings in BorgWarner by 6.7% in the fourth quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock worth $290,481,000 after purchasing an additional 402,887 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of BorgWarner by 10.9% during the 4th quarter. Geode Capital Management LLC now owns 4,297,717 shares of the auto parts company’s stock worth $193,695,000 after acquiring an additional 423,933 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Trading Down 1.4%

BorgWarner stock opened at $61.60 on Tuesday. The firm has a market cap of $12.63 billion, a PE ratio of 36.45, a P/E/G ratio of 1.33 and a beta of 1.09. BorgWarner Inc. has a 12 month low of $34.27 and a 12 month high of $78.82. The stock’s 50 day simple moving average is $68.03 and its two-hundred day simple moving average is $58.56. The company has a current ratio of 2.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69.

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

BorgWarner Announces Dividend

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

Insider Activity

In other news, CEO Joseph F. Fadool sold 29,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the sale, the chief executive officer directly owned 405,964 shares in the company, valued at $27,325,436.84. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 5,000 shares of BorgWarner stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the transaction, the executive vice president owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. This represents a 12.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 67,500 shares of company stock worth $4,310,115. 0.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BWA. TD Cowen upped their target price on BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Morgan Stanley raised their target price on BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $61.00 to $95.00 in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on BorgWarner from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Barclays increased their price objective on BorgWarner from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.57.

About BorgWarner

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.