Great Lakes Advisors LLC Makes New Investment in BorgWarner Inc. $BWA

Great Lakes Advisors LLC bought a new stake in BorgWarner Inc. (NYSE:BWA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 524,466 shares of the auto parts company’s stock, valued at approximately $34,825,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in shares of BorgWarner in the 2nd quarter valued at $28,000. Prosperity Bancshares Inc purchased a new position in shares of BorgWarner during the fourth quarter worth $37,000. Torren Management LLC purchased a new position in shares of BorgWarner during the fourth quarter worth $48,000. Cedar Mountain Advisors LLC acquired a new position in BorgWarner during the first quarter valued at $55,000. Finally, Grove Bank & Trust boosted its holdings in BorgWarner by 4,304.3% in the second quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 990 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Price Performance

NYSE:BWA opened at $67.97 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. BorgWarner Inc. has a 12 month low of $40.50 and a 12 month high of $78.82. The firm has a market cap of $13.84 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. The stock has a 50 day moving average of $66.79 and a two-hundred day moving average of $61.27.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The firm’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 5.19 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

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

Analyst Ratings Changes

A number of brokerages have recently commented on BWA. TD Cowen upped their target price on BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and boosted their price target for the company from $61.00 to $95.00 in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on BorgWarner in a research report on Thursday, August 6th. Barclays raised their price objective 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, Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.93.

BorgWarner Company 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.