Wedge Capital Management L L P NC Sells 31,376 Shares of BorgWarner Inc. $BWA

Wedge Capital Management L L P NC lessened its stake in BorgWarner Inc. (NYSE:BWA) by 9.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,106 shares of the auto parts company’s stock after selling 31,376 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.13% of BorgWarner worth $12,577,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in BorgWarner during the 2nd quarter valued at $110,234,000. AQR Capital Management LLC raised its holdings in shares of BorgWarner by 307.1% in the second quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock valued at $114,153,000 after purchasing an additional 2,582,105 shares during the last quarter. Millennium Management LLC lifted its position in shares of BorgWarner by 144.7% during the first 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. Adage Capital Partners GP L.L.C. grew its position in BorgWarner by 233.6% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock worth $37,196,000 after purchasing an additional 778,000 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in BorgWarner in the 2nd quarter valued at about $22,590,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

BorgWarner stock opened at $45.02 on Monday. The firm has a fifty day simple moving average of $43.64 and a two-hundred day simple moving average of $40.56. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $46.39. The company has a market capitalization of $9.63 billion, a PE ratio of 71.46, a P/E/G ratio of 0.94 and a beta of 1.06.

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 the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s payout ratio is presently 107.94%.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $49.00 target price (up previously from $42.00) on shares of BorgWarner in a research note on Monday, December 8th. UBS Group upped their price objective on BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Evercore ISI increased their price objective on BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, November 24th. The Goldman Sachs Group boosted their target price on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. lifted their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.46.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president owned 204,040 shares of the company’s stock, valued at $9,385,840. This represents a 2.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the transaction, the vice president owned 43,555 shares in the company, valued at $1,926,437.65. The trade was a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,200 shares of company stock valued at $1,054,336 over the last quarter. 0.63% of the stock is currently owned by company insiders.

About BorgWarner

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.