BorgWarner Inc. $BWA Position Lowered by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. reduced its position in BorgWarner Inc. (NYSE:BWA) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,430 shares of the auto parts company’s stock after selling 4,900 shares during the quarter. Sprucegrove Investment Management Ltd.’s holdings in BorgWarner were worth $2,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LSV Asset Management grew its position in shares of BorgWarner by 36.7% in the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock worth $168,722,000 after acquiring an additional 1,580,935 shares in the last quarter. Millennium Management LLC lifted its stake in BorgWarner by 144.7% during the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock worth $57,579,000 after purchasing an additional 1,188,466 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. bought a new position in BorgWarner during the first quarter worth $28,989,000. Public Sector Pension Investment Board boosted its holdings in BorgWarner by 1,121.2% in the first quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock worth $19,870,000 after purchasing an additional 636,757 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in BorgWarner during the first quarter valued at $16,488,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity

In related news, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the sale, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. The trade was a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total transaction of $589,650.00. Following the completion of the sale, the vice president directly owned 234,040 shares of the company’s stock, valued at $9,200,112.40. The trade was a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,472 shares of company stock valued at $1,404,854. Company insiders own 0.63% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $44.83 on Thursday. The firm’s 50 day moving average is $43.42 and its two-hundred day moving average is $37.63. The firm has a market capitalization of $9.59 billion, a P/E ratio of 47.70, a PEG ratio of 1.58 and a beta of 1.06. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $45.05.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner declared that its board has approved a share buyback plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 13.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BWA shares. Wells Fargo & Company raised their price target on shares of BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $41.00 to $46.00 in a research note on Wednesday, September 10th. Wall Street Zen upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Barclays upped their target price on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Piper Sandler raised their price target on BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.85.

BorgWarner Company Profile

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.