Paralel Advisors LLC Purchases New Position in BorgWarner Inc. $BWA

Paralel Advisors LLC purchased a new position in BorgWarner Inc. (NYSE:BWA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,615 shares of the auto parts company’s stock, valued at approximately $2,830,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Trust LLC purchased a new position in shares of BorgWarner during the 2nd quarter worth approximately $28,000. Prosperity Bancshares Inc purchased a new position in shares of BorgWarner in the 4th quarter valued at approximately $37,000. Ceredex Value Advisors LLC purchased a new position in shares of BorgWarner in the 2nd quarter valued at approximately $40,000. Torren Management LLC bought a new stake in shares of BorgWarner during the fourth quarter valued at approximately $48,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of BorgWarner during the first quarter valued at approximately $55,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Amy B. Kulikowski sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total transaction of $198,940.00. Following the completion of the sale, the chief accounting officer directly owned 9,725 shares in the company, valued at approximately $667,135. This trade represents a 22.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rajesh Kalathur bought 7,407 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was purchased at an average cost of $67.59 per share, with a total value of $500,639.13. Following the completion of the acquisition, the director directly owned 7,407 shares of the company’s stock, valued at approximately $500,639.13. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of BorgWarner in a research report on Wednesday, June 3rd. Barclays increased their price target on shares of BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Wells Fargo & Company lifted their price target on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.93.

BorgWarner Stock Performance

BorgWarner stock opened at $64.66 on Friday. BorgWarner Inc. has a twelve month low of $40.50 and a twelve month high of $78.82. 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 company has a market capitalization of $13.17 billion, a P/E ratio of 32.33, a PEG ratio of 1.19 and a beta of 1.10. The stock’s 50 day moving average is $66.48 and its 200 day moving average is $61.52.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.14. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, equities research analysts predict that BorgWarner Inc. will post 5.19 earnings per share for the current fiscal year.

BorgWarner announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

BorgWarner Announces Dividend

The business 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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s payout ratio is currently 34.00%.

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.