Financial Strategies Group Inc. Raises Holdings in BorgWarner Inc. $BWA

Financial Strategies Group Inc. boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 38.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,058 shares of the auto parts company’s stock after purchasing an additional 3,914 shares during the quarter. Financial Strategies Group Inc.’s holdings in BorgWarner were worth $367,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Millennium Management LLC raised its position in shares of BorgWarner by 144.7% during the 1st quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock worth $57,579,000 after acquiring an additional 1,188,466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BorgWarner by 1.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,648 shares of the auto parts company’s stock worth $5,090,000 after acquiring an additional 1,760 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of BorgWarner by 30.1% during the 1st quarter. Gotham Asset Management LLC now owns 489,941 shares of the auto parts company’s stock worth $14,037,000 after acquiring an additional 113,372 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of BorgWarner by 14.0% during the 1st quarter. Advisors Asset Management Inc. now owns 19,728 shares of the auto parts company’s stock worth $565,000 after acquiring an additional 2,420 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its position in shares of BorgWarner by 6.3% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 74,260 shares of the auto parts company’s stock worth $2,128,000 after acquiring an additional 4,404 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 0.3%

Shares of BWA stock opened at $44.00 on Friday. The business’s 50 day moving average is $38.46 and its two-hundred day moving average is $33.00. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.32. The company has a market capitalization of $9.52 billion, a P/E ratio of 46.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the business posted $1.19 EPS. The company’s revenue was up 1.0% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, September 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. BorgWarner’s dividend payout ratio (DPR) is 72.34%.

BorgWarner announced that its board has approved a stock repurchase plan on Thursday, July 31st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to repurchase up to 13.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on BorgWarner from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Bank of America raised their price target on BorgWarner from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. JPMorgan Chase & Co. raised their price target on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Barclays restated an “overweight” rating and set a $45.00 price target (up previously from $42.00) on shares of BorgWarner in a research note on Wednesday, July 16th. Finally, Piper Sandler raised their price target on BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.57.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total value of $589,650.00. Following the transaction, the vice president directly owned 234,040 shares in the company, valued at approximately $9,200,112.40. This trade represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isabelle Mckenzie sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the sale, the vice president directly owned 55,945 shares of the company’s stock, valued at $2,238,359.45. This represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,272 shares of company stock worth $1,263,318. 0.45% of the stock is currently owned by insiders.

BorgWarner 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.