BorgWarner (NYSE:BWA) VP Sells $141,536.00 in Stock

BorgWarner Inc. (NYSE:BWA) VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total value of $141,536.00. Following the transaction, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Isabelle Mckenzie also recently made the following trade(s):

• On Tuesday, August 12th, Isabelle Mckenzie sold 2,500 shares of BorgWarner stock. The shares were sold at an average price of $40.01, for a total value of $100,025.00.

BorgWarner Stock Performance

NYSE BWA traded up $0.73 on Wednesday, reaching $44.83. The stock had a trading volume of 1,853,472 shares, compared to its average volume of 2,695,906. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. The firm has a fifty day moving average of $43.40 and a two-hundred day moving average of $37.58. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $45.05. The company has a market cap of $9.59 billion, a P/E ratio of 47.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

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

BorgWarner announced that its board has initiated a stock repurchase program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 13.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BWA. Morgan Stanley upped their price objective on BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Evercore ISI upped their price objective on BorgWarner from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. UBS Group upped their price objective on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Piper Sandler upped their price objective on BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Robert W. Baird set a $54.00 price objective on BorgWarner in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BWA. Blackston Financial Advisory Group LLC increased its holdings in BorgWarner by 3.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock worth $267,000 after purchasing an additional 265 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of BorgWarner by 4.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,832 shares of the auto parts company’s stock worth $300,000 after buying an additional 272 shares in the last quarter. Trajan Wealth LLC boosted its holdings in shares of BorgWarner by 4.6% during the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock worth $229,000 after buying an additional 353 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of BorgWarner by 3.4% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 10,937 shares of the auto parts company’s stock worth $481,000 after buying an additional 356 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of BorgWarner by 18.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,321 shares of the auto parts company’s stock worth $102,000 after buying an additional 360 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.