Inspire Investing LLC Purchases 2,902 Shares of BorgWarner Inc. $BWA

Inspire Investing LLC raised its position in BorgWarner Inc. (NYSE:BWA) by 35.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,052 shares of the auto parts company’s stock after acquiring an additional 2,902 shares during the quarter. Inspire Investing LLC’s holdings in BorgWarner were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BWA. Global X Japan Co. Ltd. increased its holdings in BorgWarner by 133.4% during the 1st 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 purchased a new position in shares of BorgWarner during the first quarter valued at approximately $30,000. Meeder Asset Management Inc. increased its stake in shares of BorgWarner by 63.5% during the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after buying an additional 539 shares during the period. Allworth Financial LP lifted its stake in BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 793 shares during the period. Finally, Brooklyn Investment Group lifted its stake in BorgWarner by 97.9% in the first quarter. Brooklyn Investment Group now owns 1,480 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 732 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Up 1.3%

Shares of NYSE:BWA opened at $44.11 on Thursday. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $44.70. The stock’s fifty day moving average price is $39.89 and its 200-day moving average price is $33.75. The company has a market cap of $9.54 billion, a P/E ratio of 46.92, a PEG ratio of 1.43 and a beta of 1.09. 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 (NYSE:BWA) last posted its 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 net margin of 1.50% and a return on equity of 16.17%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the business earned $1.19 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner declared that its board has approved a stock repurchase program 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 buy up to 13.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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 dividend of $0.17 per share. This is an increase from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. BorgWarner’s dividend payout ratio is currently 72.34%.

Insider Transactions at BorgWarner

In related news, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the transaction, the director owned 78,903 shares in the company, valued at approximately $3,338,385.93. The trade was a 10.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 2,500 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly 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 disclosure for this sale can be found here. Insiders have sold 31,272 shares of company stock valued at $1,263,318 over the last quarter. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Robert W. Baird upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $52.00 in a report on Wednesday, September 3rd. Wall Street Zen upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 12th. Piper Sandler raised their target price on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Evercore ISI lifted their price target on BorgWarner from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.21.

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.