Black Creek Investment Management Inc. Cuts Position in BorgWarner Inc. $BWA

Black Creek Investment Management Inc. lessened its holdings in BorgWarner Inc. (NYSE:BWA) by 18.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,000 shares of the auto parts company’s stock after selling 13,000 shares during the quarter. BorgWarner comprises about 0.1% of Black Creek Investment Management Inc.’s holdings, making the stock its 22nd biggest position. Black Creek Investment Management Inc.’s holdings in BorgWarner were worth $2,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC increased its stake in shares of BorgWarner by 9,888.9% in the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 890 shares in the last quarter. Torren Management LLC purchased a new position in shares of BorgWarner in the 4th quarter valued at about $48,000. Olistico Wealth LLC purchased a new position in shares of BorgWarner in the 4th quarter valued at about $50,000. UMB Bank n.a. increased its stake in shares of BorgWarner by 28.1% in the 4th quarter. UMB Bank n.a. now owns 1,709 shares of the auto parts company’s stock valued at $77,000 after purchasing an additional 375 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of BorgWarner in the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

BWA stock opened at $74.61 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The business has a 50 day simple moving average of $62.20 and a 200-day simple moving average of $54.34. The firm has a market capitalization of $15.30 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07. BorgWarner Inc. has a 1 year low of $32.24 and a 1 year high of $78.82.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The business’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Equities research analysts anticipate that BorgWarner Inc. will post 5.18 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.17 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. BorgWarner’s dividend payout ratio is 40.24%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Evercore restated an “outperform” rating and issued a $75.00 price target on shares of BorgWarner in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price target on BorgWarner from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. UBS Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and lifted their price target for the company from $61.00 to $95.00 in a research note on Wednesday. Sanford C. Bernstein upgraded BorgWarner to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the vice president directly owned 203,746 shares in the company, valued at $13,243,490. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Isabelle Mckenzie sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $63.35, for a total value of $221,725.00. Following the completion of the sale, the vice president owned 57,828 shares of the company’s stock, valued at $3,663,403.80. This trade represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,500 shares of company stock valued at $4,310,115 over the last ninety days. 0.76% of the stock is currently owned by company insiders.

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.