BorgWarner Inc. $BWA Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its stake in BorgWarner Inc. (NYSE:BWA) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,175 shares of the auto parts company’s stock after purchasing an additional 2,763 shares during the quarter. Baird Financial Group Inc.’s holdings in BorgWarner were worth $779,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. grew its position in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 523 shares during the period. Manchester Capital Management LLC acquired a new position in BorgWarner during the first quarter worth about $30,000. LRI Investments LLC grew its stake in BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 909 shares in the last quarter. Meeder Asset Management Inc. raised its holdings 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 valued at $40,000 after acquiring an additional 539 shares during the last quarter. Finally, Allworth Financial LP lifted its stake 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 in the last quarter. 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 research reports. Barclays reissued an “overweight” rating and issued a $45.00 target price (up from $42.00) on shares of BorgWarner in a research note on Wednesday, July 16th. Baird R W raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Piper Sandler lifted their target price on shares of BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, UBS Group lifted their target price on shares of BorgWarner from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $40.86.

BorgWarner Trading Down 1.5%

NYSE:BWA opened at $43.76 on Wednesday. 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 fifty-two week low of $24.40 and a fifty-two week high of $44.45. The stock’s 50-day moving average is $38.86 and its two-hundred day moving average is $33.20. The stock has a market cap of $9.47 billion, a PE ratio of 46.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.09.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.15. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the company earned $1.19 EPS. The firm’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 research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 2nd. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. BorgWarner’s dividend payout ratio (DPR) is currently 72.34%.

BorgWarner declared that its Board of Directors has approved a stock buyback 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 repurchase up to 13.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total transaction of $100,025.00. Following the transaction, the vice president owned 55,945 shares of the company’s stock, valued at $2,238,359.45. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total value of $202,500.00. Following the completion of the transaction, the vice president directly owned 229,040 shares in the company, valued at $9,276,120. The trade was a 2.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,272 shares of company stock worth $1,263,318. Insiders own 0.63% of the company’s stock.

BorgWarner 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.