BorgWarner Inc. $BWA Stock Position Increased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. boosted its stake in BorgWarner Inc. (NYSE:BWA) by 47.2% during the 3rd quarter, Holdings Channel reports. The firm owned 94,515 shares of the auto parts company’s stock after buying an additional 30,325 shares during the quarter. Triasima Portfolio Management inc.’s holdings in BorgWarner were worth $5,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC purchased a new position in shares of BorgWarner during the second quarter valued at about $28,000. Ceredex Value Advisors LLC bought a new stake in shares of BorgWarner in the second quarter worth about $40,000. Fiduciary Financial Advisors bought a new stake in shares of BorgWarner in the second quarter worth about $49,000. Jones Financial Companies Lllp bought a new stake in shares of BorgWarner in the second quarter worth about $57,000. Finally, Grove Bank & Trust lifted its position in shares of BorgWarner by 4,304.3% in the second quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock worth $67,000 after buying an additional 990 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BWA. Robert W. Baird set a $79.00 price target on BorgWarner in a research note on Thursday, August 6th. Wall Street Zen raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. JPMorgan Chase & Co. upped 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. Bank of America raised BorgWarner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $85.00 in a report on Thursday. Finally, Barclays increased their target price on BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $79.00.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $58.61 on Friday. The firm has a fifty day simple moving average of $64.02 and a two-hundred day simple moving average of $63.66. BorgWarner Inc. has a 52 week low of $40.73 and a 52 week 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 stock has a market capitalization of $11.94 billion, a P/E ratio of 29.30, a PEG ratio of 1.05 and a beta of 1.16.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.14. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, analysts expect that BorgWarner Inc. will post 5.20 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.17 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 1.2%. BorgWarner’s dividend payout ratio (DPR) is currently 34.00%.

BorgWarner declared that its board has authorized a stock buyback plan on Wednesday, August 5th that authorizes the company to buy back $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 7.7% of its stock through open market purchases. Share buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Rajesh Kalathur acquired 7,407 shares of BorgWarner stock in a transaction on Wednesday, August 19th. The shares were bought at an average cost of $67.59 per share, with a total value of $500,639.13. Following the completion of the purchase, the director directly owned 7,407 shares of the company’s stock, valued at $500,639.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Hanley sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $65.51, for a total value of $327,550.00. Following the sale, the director owned 34,313 shares in the company, valued at approximately $2,247,844.63. This trade represents a 12.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.76% of the stock is currently owned by company insiders.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier that develops and manufactures propulsion, drivetrain, thermal-management and emissions technologies. The company serves automakers and commercial-vehicle manufacturers, supplying components and systems for internal-combustion, hybrid and electric vehicles.

Its product portfolio includes turbochargers, transmission systems, all-wheel-drive and four-wheel-drive technologies, clutches, timing systems, battery systems, power electronics, electric motors, thermal-management products and charging-related technologies.