Lazard Asset Management LLC Increases Holdings in BorgWarner Inc. $BWA

Lazard Asset Management LLC increased its position in BorgWarner Inc. (NYSE:BWA) by 172.4% during the first quarter, HoldingsChannel.com reports. The firm owned 59,173 shares of the auto parts company’s stock after acquiring an additional 37,454 shares during the quarter. Lazard Asset Management LLC’s holdings in BorgWarner were worth $3,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prosperity Bancshares Inc bought a new position in BorgWarner during the 4th quarter valued at about $37,000. Sound Income Strategies LLC boosted its stake in shares of BorgWarner by 9,888.9% during the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 890 shares during the last quarter. Torren Management LLC purchased a new position in BorgWarner during the fourth quarter valued at $48,000. Cedar Mountain Advisors LLC purchased a new position in shares of BorgWarner during the 1st quarter valued at about $55,000. Finally, UMB Bank n.a. lifted its holdings in BorgWarner by 28.1% during the fourth quarter. UMB Bank n.a. now owns 1,709 shares of the auto parts company’s stock valued at $77,000 after purchasing an additional 375 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on BWA. Weiss Ratings raised BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. UBS Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their price objective for the company from $61.00 to $95.00 in a research report on Wednesday, June 10th. Morgan Stanley lifted their target price on BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Wells Fargo & Company lifted their price target on shares of BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of BorgWarner in a research report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.57.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 5,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the sale, the executive vice president directly owned 35,365 shares in the company, valued at approximately $2,236,482.60. This trade represents a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph F. Fadool sold 29,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the completion of the transaction, the chief executive officer directly owned 405,964 shares of the company’s stock, valued at $27,325,436.84. The trade was a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 67,500 shares of company stock valued at $4,310,115. 0.76% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

Shares of BWA stock opened at $63.84 on Friday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.36 and a beta of 1.09. 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 Inc. has a 52-week low of $35.04 and a 52-week high of $78.82. The company’s 50 day moving average is $67.98 and its 200 day moving average is $59.54.

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

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio is presently 40.24%.

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.