Vanguard Personalized Indexing Management LLC Buys 3,252 Shares of BorgWarner Inc. $BWA

Vanguard Personalized Indexing Management LLC lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 13.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,787 shares of the auto parts company’s stock after acquiring an additional 3,252 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in BorgWarner were worth $930,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC purchased a new position in BorgWarner in the 1st quarter worth $30,000. Trust Co. of Vermont raised its position in BorgWarner by 55,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 1,100 shares during the period. Meeder Asset Management Inc. raised its position in BorgWarner by 63.5% in the 1st quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 539 shares during the period. Allworth Financial LP raised its position in BorgWarner by 123.1% in the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 793 shares during the period. Finally, Brooklyn Investment Group raised its position in BorgWarner by 97.9% in the 1st quarter. Brooklyn Investment Group now owns 1,480 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 732 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Price Performance

BWA stock opened at $42.57 on Monday. The firm’s 50-day moving average price is $42.96 and its two-hundred day moving average price is $36.03. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $44.97. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 45.29, a PEG ratio of 1.57 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 released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the prior year, the firm earned $1.19 earnings per share. BorgWarner’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. As a group, equities analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s dividend payout ratio is 72.34%.

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

Wall Street Analyst Weigh In

BWA has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Morgan Stanley lifted their target price on shares of BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group boosted their price objective on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Evercore ISI boosted their price objective on shares of BorgWarner from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $44.64.

Insiders Place Their Bets

In other BorgWarner news, VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction on Tuesday, August 12th. The stock was 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 owned 55,945 shares of the company’s stock, valued at approximately $2,238,359.45. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexis P. Michas sold 8,772 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 78,903 shares in the company, valued at $3,338,385.93. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,272 shares of company stock valued at $1,263,318. Corporate insiders own 0.63% of the company’s stock.

BorgWarner Company 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.