Power Wealth Management LLC Has $1.69 Million Stock Position in BorgWarner Inc. $BWA

Power Wealth Management LLC cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 3.0% during the second quarter, HoldingsChannel.com reports. The firm owned 50,498 shares of the auto parts company’s stock after selling 1,571 shares during the quarter. Power Wealth Management LLC’s holdings in BorgWarner were worth $1,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. increased its holdings in BorgWarner by 13.3% in the first quarter. Avantax Advisory Services Inc. now owns 13,258 shares of the auto parts company’s stock valued at $380,000 after purchasing an additional 1,555 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in BorgWarner in the second quarter valued at $567,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of BorgWarner in the first quarter valued at about $1,223,000. AE Wealth Management LLC raised its stake in shares of BorgWarner by 2.6% during the 2nd quarter. AE Wealth Management LLC now owns 421,781 shares of the auto parts company’s stock worth $14,121,000 after purchasing an additional 10,502 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in BorgWarner during the first quarter worth $1,822,000. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on BWA. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Baird R W upgraded BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Piper Sandler lifted their target price on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their target price on BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Finally, Evercore ISI increased their target price on shares of BorgWarner from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.85.

BorgWarner Stock Down 5.1%

Shares of NYSE BWA opened at $40.92 on Friday. The company has a 50 day simple moving average of $43.63 and a 200 day simple moving average of $38.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $46.39. The firm has a market cap of $8.75 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating 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 return on equity of 16.17% and a net margin of 1.50%.BorgWarner’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.7%. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

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

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the sale, the vice president directly owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. This represents a 6.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the sale, the director owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,972 shares of company stock worth $1,425,479. Company insiders own 0.45% of the company’s stock.

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.