GAMMA Investing LLC Has $204,000 Holdings in BorgWarner Inc. $BWA

GAMMA Investing LLC grew its stake in BorgWarner Inc. (NYSE:BWA) by 75.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,090 shares of the auto parts company’s stock after acquiring an additional 2,626 shares during the period. GAMMA Investing LLC’s holdings in BorgWarner were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. LSV Asset Management increased its stake in shares of BorgWarner by 36.7% in the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock valued at $168,722,000 after buying an additional 1,580,935 shares during the period. Millennium Management LLC boosted its holdings in BorgWarner by 144.7% in the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock valued at $57,579,000 after acquiring an additional 1,188,466 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new stake in BorgWarner in the first quarter worth about $28,989,000. Principal Financial Group Inc. raised its holdings in BorgWarner by 338.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,085,149 shares of the auto parts company’s stock worth $31,090,000 after purchasing an additional 837,668 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in BorgWarner by 1,121.2% during the 1st quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock valued at $19,870,000 after purchasing an additional 636,757 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BWA. UBS Group lifted their price target on shares of BorgWarner from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Robert W. Baird raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $52.00 in a report on Wednesday, September 3rd. Zacks Research upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Wells Fargo & Company raised their price target on BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Barclays reiterated an “overweight” rating and issued a $45.00 price objective (up previously from $42.00) on shares of BorgWarner in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

BorgWarner Stock Performance

BWA stock opened at $44.10 on Monday. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $44.70. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.54 billion, a PE ratio of 46.92, a P/E/G ratio of 1.45 and a beta of 1.09. The business’s 50-day moving average price is $41.07 and its two-hundred day moving average price is $34.54.

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, topping 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 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 company earned $1.19 earnings per share. The company’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. As a group, research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. 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%. BorgWarner’s payout ratio is presently 72.34%.

BorgWarner announced that its board has approved a stock buyback plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 13.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other BorgWarner news, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction dated 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 transaction, the director owned 78,903 shares in the company, valued at approximately $3,338,385.93. This represents a 10.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $39.31, for a total value of $589,650.00. Following the completion of the sale, the vice president directly owned 234,040 shares in the company, valued at $9,200,112.40. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,272 shares of company stock worth $1,263,318 over the last quarter. 0.63% of the stock is currently owned by company insiders.

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.