Cambiar Investors LLC Has $8.38 Million Holdings in BorgWarner Inc. $BWA

Cambiar Investors LLC trimmed its position in shares of BorgWarner Inc. (NYSE:BWA) by 36.1% during the third quarter, Holdings Channel.com reports. The firm owned 190,542 shares of the auto parts company’s stock after selling 107,723 shares during the period. Cambiar Investors LLC’s holdings in BorgWarner were worth $8,376,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in BorgWarner during the 2nd quarter valued at $110,234,000. AQR Capital Management LLC grew its holdings in shares of BorgWarner by 307.1% during 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 buying an additional 2,582,105 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of BorgWarner by 233.6% during the second 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 acquiring an additional 778,000 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of BorgWarner in the 2nd quarter worth about $22,590,000. Finally, Covalis Capital LLP acquired a new stake in shares of BorgWarner in the 2nd quarter worth about $16,171,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BWA has been the subject of a number of analyst reports. Robert W. Baird set a $55.00 price target on BorgWarner in a research note on Wednesday, January 14th. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 target price (down previously from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. JPMorgan Chase & Co. upped their price target on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Barclays raised their price objective on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Morgan Stanley reiterated 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. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $47.31.

Insider Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction that occurred on 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 directly owned 43,555 shares of the company’s stock, valued at $1,926,437.65. This represents a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total transaction of $682,800.00. Following the sale, the vice president owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. The trade was a 6.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 23,200 shares of company stock worth $1,054,336. Corporate insiders own 0.63% of the company’s stock.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $48.43 on Wednesday. The business’s fifty day simple moving average is $45.35 and its 200 day simple moving average is $43.05. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $48.93. The firm has a market capitalization of $10.36 billion, a P/E ratio of 76.87, a price-to-earnings-growth ratio of 0.96 and a beta of 1.06.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.4%. BorgWarner’s payout ratio is currently 107.94%.

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.