Castleark Management LLC Sells 8,830 Shares of BorgWarner Inc. $BWA

Castleark Management LLC lowered its stake in BorgWarner Inc. (NYSE:BWA) by 5.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,506 shares of the auto parts company’s stock after selling 8,830 shares during the period. Castleark Management LLC owned 0.07% of BorgWarner worth $8,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Prosperity Bancshares Inc purchased a new position in BorgWarner during the fourth quarter valued at $37,000. Sound Income Strategies LLC grew its stake in shares of BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 890 shares during the last quarter. Torren Management LLC purchased a new stake in shares of BorgWarner in the fourth quarter worth $48,000. Cedar Mountain Advisors LLC bought a new position in shares of BorgWarner during the first quarter valued at $55,000. Finally, UMB Bank n.a. increased its holdings in shares of BorgWarner by 28.1% during the fourth quarter. UMB Bank n.a. now owns 1,709 shares of the auto parts company’s stock valued at $77,000 after acquiring an additional 375 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. TD Cowen raised their price objective on shares of BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley raised their price target on shares of BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average target price of $74.57.

Insider Activity at BorgWarner

In other news, VP Isabelle Mckenzie sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total value of $221,725.00. Following the transaction, the vice president directly owned 57,828 shares in the company, valued at $3,663,403.80. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction 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 of the company’s stock, valued at $13,243,490. The trade was a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,500 shares of company stock valued at $4,310,115 in the last quarter. 0.76% of the stock is currently owned by corporate insiders.

BorgWarner Price Performance

BWA opened at $64.41 on Monday. The company’s 50-day simple moving average is $67.94 and its two-hundred day simple moving average is $59.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. The stock has a market capitalization of $13.21 billion, a P/E ratio of 38.11, a P/E/G ratio of 1.38 and a beta of 1.09. BorgWarner Inc. has a 52-week low of $34.27 and a 52-week high of $78.82.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, analysts predict that BorgWarner Inc. will post 5.16 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 1st. BorgWarner’s payout ratio is 40.24%.

BorgWarner 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.