LSV Asset Management Sells 117,813 Shares of BorgWarner Inc. $BWA

LSV Asset Management lowered its stake in shares of BorgWarner Inc. (NYSE:BWA) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,771,267 shares of the auto parts company’s stock after selling 117,813 shares during the quarter. LSV Asset Management’s holdings in BorgWarner were worth $193,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of BorgWarner by 1,133.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after buying an additional 714 shares during the last quarter. Addison Advisors LLC raised its holdings in BorgWarner by 1,647.8% in the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 758 shares during the period. Assetmark Inc. lifted its position in BorgWarner by 81.8% during the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. Manchester Capital Management LLC bought a new stake in BorgWarner during the first quarter valued at about $30,000. Finally, Trust Co. of Vermont boosted its holdings in BorgWarner by 55,000.0% during the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. raised their target price on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Robert W. Baird set a $54.00 price target on BorgWarner in a report on Friday, October 31st. Piper Sandler boosted their target price on shares of BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Zacks Research downgraded shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.85.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the completion of the transaction, the vice president owned 209,040 shares in the company, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexis P. Michas sold 8,772 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total value of $371,143.32. Following the completion of the sale, the director owned 78,903 shares in the company, valued at approximately $3,338,385.93. This represents a 10.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,972 shares of company stock valued at $1,425,479 over the last quarter. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $44.75 on Monday. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a one year low of $24.40 and a one year high of $46.39. The business has a fifty day simple moving average of $43.73 and a 200 day simple moving average of $38.56. 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 quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Sell-side analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

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

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. BorgWarner’s payout ratio is presently 107.94%.

About BorgWarner

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.