BorgWarner Inc. $BWA Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 14.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,322 shares of the auto parts company’s stock after selling 30,600 shares during the quarter. Wedge Capital Management L L P NC’s holdings in BorgWarner were worth $11,774,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of BorgWarner by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock worth $538,996,000 after purchasing an additional 178,853 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 1,703,576 shares during the period. State Street Corp raised its stake in shares of BorgWarner by 5.3% during the second quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after purchasing an additional 380,942 shares in the last quarter. LSV Asset Management lifted 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 during the period. Finally, Geode Capital Management LLC lifted its holdings in BorgWarner by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 4,297,717 shares of the auto parts company’s stock worth $193,695,000 after purchasing an additional 423,933 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BWA shares. Weiss Ratings raised shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Robert W. Baird set a $79.00 price target on shares of BorgWarner in a research note on Thursday, August 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price objective on shares of BorgWarner in a report on Thursday, June 11th. Wolfe Research reiterated an “outperform” rating and set a $95.00 price objective on shares of BorgWarner in a research note on Wednesday, June 3rd. Finally, UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $61.00 to $95.00 in a report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.93.

BorgWarner Price Performance

NYSE:BWA opened at $68.83 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $67.29 and its 200 day moving average price is $60.70. BorgWarner Inc. has a 52-week low of $40.07 and a 52-week high of $78.82. The firm has a market cap of $14.02 billion, a P/E ratio of 34.41, a PEG ratio of 1.25 and a beta of 1.10.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.14. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the company earned $1.21 EPS. BorgWarner’s revenue was up .3% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, sell-side analysts predict that BorgWarner Inc. will post 5.19 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 1.0%. BorgWarner’s dividend payout ratio is currently 34.00%.

BorgWarner declared that its board has initiated a stock buyback program on Wednesday, August 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.