Merit Financial Group LLC Has $1.95 Million Holdings in BorgWarner Inc. $BWA

Merit Financial Group LLC grew its holdings in BorgWarner Inc. (NYSE:BWA) by 73.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,394 shares of the auto parts company’s stock after purchasing an additional 18,748 shares during the quarter. Merit Financial Group LLC’s holdings in BorgWarner were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BWA. Caitong International Asset Management Co. Ltd increased its stake in 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 valued at $26,000 after purchasing an additional 714 shares in the last quarter. Root Financial Partners LLC bought a new stake in BorgWarner in the 3rd quarter valued at about $27,000. Assetmark Inc. raised its stake 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 buying an additional 364 shares during the period. Addison Advisors LLC boosted its holdings in BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 758 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in BorgWarner in the second quarter worth approximately $32,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $46.65 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The firm has a 50-day moving average of $44.18 and a 200-day moving average of $41.38. BorgWarner Inc. has a one year low of $24.40 and a one year high of $46.66. The company has a market cap of $9.98 billion, a P/E ratio of 74.04, a P/E/G ratio of 0.91 and a beta of 1.06.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. 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. Equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BWA. Evercore ISI upped their target price on BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Zacks Research cut shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Bank of America downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $41.00 to $46.00 in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.46.

Insiders Place Their Bets

In related news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the vice president directly owned 204,040 shares in the company, valued at approximately $9,385,840. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the completion of the transaction, the vice president owned 43,555 shares of the company’s stock, valued at $1,926,437.65. This trade represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,200 shares of company stock worth $1,054,336 over the last quarter. 0.45% of the stock is currently owned by corporate insiders.

About BorgWarner

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.