Oppenheimer Asset Management Inc. Invests $2.68 Million in BorgWarner Inc. $BWA

Oppenheimer Asset Management Inc. purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,388 shares of the auto parts company’s stock, valued at approximately $2,682,000.

A number of other large investors have also made changes to their positions in BWA. First Community Trust NA increased its holdings in shares of BorgWarner by 7.1% in the second quarter. First Community Trust NA now owns 8,163 shares of the auto parts company’s stock worth $542,000 after acquiring an additional 538 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of BorgWarner by 17.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 45,631 shares of the auto parts company’s stock valued at $3,030,000 after purchasing an additional 6,800 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of BorgWarner in the 2nd quarter valued at approximately $956,000. Valeo Financial Advisors LLC increased its stake in BorgWarner by 12.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 6,116 shares of the auto parts company’s stock worth $406,000 after purchasing an additional 654 shares in the last quarter. Finally, Chesley Taft & Associates LLC raised its holdings in BorgWarner by 2.3% during the 2nd quarter. Chesley Taft & Associates LLC now owns 14,280 shares of the auto parts company’s stock worth $948,000 after buying an additional 322 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BWA has been the topic of a number of research reports. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. JPMorgan Chase & Co. increased their price objective on BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Morgan Stanley lifted their target price on BorgWarner from $67.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. TD Cowen boosted their target price on BorgWarner from $67.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $80.00 price target on shares of BorgWarner in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $75.93.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $68.52 on Friday. 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 stock has a 50 day moving average of $67.02 and a 200-day moving average of $60.89. The company has a market capitalization of $13.95 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.24 and a beta of 1.10.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 5.19 EPS for the current year.

BorgWarner Announces Dividend

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

BorgWarner announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.