Traub Capital Management LLC Takes Position in BorgWarner Inc. $BWA

Traub Capital Management LLC acquired a new position in BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,743 shares of the auto parts company’s stock, valued at approximately $326,000.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in shares of BorgWarner by 1,133.3% during 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 buying an additional 714 shares during the last quarter. Assetmark Inc. raised its holdings in BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 364 shares in the last quarter. Addison Advisors LLC lifted its position in shares of 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. Manchester Capital Management LLC acquired a new stake in shares of BorgWarner during the 1st quarter worth approximately $30,000. Finally, Trust Co. of Vermont increased its position in shares of 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 purchasing an additional 1,100 shares during the period. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BWA has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, October 8th. Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and lifted their target price for the company from $41.00 to $46.00 in a research report on Wednesday, September 10th. The Goldman Sachs Group increased their price target on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, UBS Group lifted their price objective on BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.85.

BorgWarner Trading Up 0.3%

Shares of BWA opened at $43.56 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 1.58 and a beta of 1.06. The stock has a fifty day moving average price of $43.70 and a two-hundred day moving average price of $38.76. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $46.39.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. 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. Analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

BorgWarner declared that its board has initiated a share repurchase plan on Thursday, July 31st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the transaction, the vice president owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of BorgWarner 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 completion of the sale, the vice president directly owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 31,972 shares of company stock worth $1,425,479. Corporate 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.