BorgWarner Inc. $BWA Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC lowered its position in shares of BorgWarner Inc. (NYSE:BWA) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,131 shares of the auto parts company’s stock after selling 2,395 shares during the period. Elevation Point Wealth Partners LLC’s holdings in BorgWarner were worth $3,152,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BWA. Caitong International Asset Management Co. Ltd increased its position in BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after buying an additional 714 shares during the period. Assetmark Inc. grew its position in shares of BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of BorgWarner by 1,647.8% in the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 758 shares during the period. Manchester Capital Management LLC acquired a new position in shares of BorgWarner in the 1st quarter valued at $30,000. Finally, Trust Co. of Vermont raised its position in BorgWarner by 55,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,100 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of NYSE BWA opened at $43.02 on Thursday. The company’s fifty day moving average is $43.57 and its two-hundred day moving average is $39.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The firm has a market capitalization of $9.20 billion, a P/E ratio of 45.77, a PEG ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a one year low of $24.40 and a one year high of $46.39.

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

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

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.17 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. BorgWarner’s dividend payout ratio is currently 107.94%.

Insider Buying and Selling

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the sale, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stefan Demmerle sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the completion of the transaction, the vice president owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. This represents a 6.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 31,972 shares of company stock valued at $1,425,479. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Baird R W upgraded BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Morgan Stanley lifted their target price on BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Finally, Barclays upped their price target on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.08.

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.