Cwm LLC Has $2.48 Million Position in BorgWarner Inc. $BWA

Cwm LLC boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 1,250.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,106 shares of the auto parts company’s stock after buying an additional 68,619 shares during the period. Cwm LLC’s holdings in BorgWarner were worth $2,481,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BWA. LSV Asset Management boosted its stake in BorgWarner by 36.7% during the first quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock worth $168,722,000 after buying an additional 1,580,935 shares in the last quarter. Millennium Management LLC boosted its stake in shares of BorgWarner by 144.7% in the 1st quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock valued at $57,579,000 after purchasing an additional 1,188,466 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of BorgWarner in the 1st quarter valued at $28,989,000. Principal Financial Group Inc. boosted its stake in shares of BorgWarner by 338.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,085,149 shares of the auto parts company’s stock valued at $31,090,000 after purchasing an additional 837,668 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of BorgWarner by 1,121.2% in the 1st quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock valued at $19,870,000 after purchasing an additional 636,757 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BWA. Evercore ISI boosted their target price on shares of BorgWarner from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Barclays lifted their price target on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Piper Sandler lifted their price target on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Robert W. Baird raised BorgWarner from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $52.00 in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. lifted their price target on BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.64.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $42.57 on Friday. The stock has a market capitalization of $9.21 billion, a P/E ratio of 45.29, a P/E/G ratio of 1.57 and a beta of 1.09. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $44.97. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $42.96 and a two-hundred day moving average price of $35.97.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.15. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.56 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Equities analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.68 annualized dividend and a yield of 1.6%. This is an increase from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s dividend payout ratio (DPR) is presently 72.34%.

BorgWarner announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to purchase up to 13.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other BorgWarner news, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the sale, the director directly owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. The trade was a 10.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total transaction of $202,500.00. Following the completion of the sale, the vice president owned 229,040 shares in the company, valued at $9,276,120. This represents a 2.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,272 shares of company stock valued at $1,263,318. 0.45% of the stock is currently owned by insiders.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.