EFG International AG acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 31,256 shares of the auto parts company’s stock, valued at approximately $2,075,000.
Several other large investors have also recently made changes to their positions in BWA. Acadian Asset Management LLC lifted its position in shares of BorgWarner by 23.7% in the first quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock worth $257,000 after buying an additional 1,723 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in BorgWarner in the 2nd quarter worth approximately $339,000. EverSource Wealth Advisors LLC raised its holdings in shares of BorgWarner by 400.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock worth $185,000 after acquiring an additional 4,426 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of BorgWarner during the 2nd quarter worth approximately $247,000. Finally, Cerity Partners LLC boosted its position in shares of BorgWarner by 30.2% during the 2nd quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock valued at $4,816,000 after acquiring an additional 33,362 shares during the last quarter. 95.67% of the stock is owned by institutional investors.
Insider Buying and Selling at BorgWarner
In other news, Director Rajesh Kalathur bought 7,407 shares of the stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $67.59 per share, for a total transaction of $500,639.13. Following the acquisition, the director owned 7,407 shares of the company’s stock, valued at $500,639.13. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy B. Kulikowski sold 2,900 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total value of $198,940.00. Following the transaction, the chief accounting officer directly owned 9,725 shares in the company, valued at $667,135. The trade was a 22.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.76% of the stock is currently owned by corporate insiders.
BorgWarner Price Performance
BorgWarner (NYSE:BWA – Get Free Report) last issued its earnings results 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. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same period last year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, research analysts forecast that BorgWarner Inc. will post 5.19 earnings per share for the current year.
BorgWarner declared that its board has approved a share repurchase plan on Wednesday, August 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the auto parts company to buy up to 7.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
BorgWarner Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. BorgWarner’s payout ratio is 34.00%.
Analysts Set New Price Targets
BWA has been the topic of several research reports. Wolfe Research restated an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a research report on Wednesday, June 3rd. Robert W. Baird set a $79.00 price objective on shares of BorgWarner in a research report on Thursday, August 6th. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a report on Wednesday, June 10th. The Goldman Sachs Group restated a “buy” rating and set a $84.00 target price on shares of BorgWarner in a research report on Thursday, June 11th. Finally, Barclays increased their price target on shares of BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $75.93.
View Our Latest Analysis on BorgWarner
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.
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