Signaturefd LLC Has $84,000 Holdings in BorgWarner Inc. $BWA

Signaturefd LLC boosted its stake in BorgWarner Inc. (NYSE:BWA) by 72.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,513 shares of the auto parts company’s stock after purchasing an additional 1,059 shares during the quarter. Signaturefd LLC’s holdings in BorgWarner were worth $84,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of BorgWarner by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,568,627 shares of the auto parts company’s stock valued at $331,429,000 after acquiring an additional 284,587 shares during the period. LSV Asset Management raised its holdings in BorgWarner by 36.7% in the first quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock worth $168,722,000 after purchasing an additional 1,580,935 shares during the period. American Century Companies Inc. boosted its position in shares of BorgWarner by 1.7% during the first quarter. American Century Companies Inc. now owns 3,716,576 shares of the auto parts company’s stock worth $106,480,000 after purchasing an additional 60,382 shares in the last quarter. Swedbank AB grew its holdings in shares of BorgWarner by 23.3% in the 2nd quarter. Swedbank AB now owns 2,558,425 shares of the auto parts company’s stock valued at $85,656,000 after buying an additional 482,969 shares during the period. Finally, Millennium Management LLC increased its position in shares of BorgWarner by 144.7% in the 1st quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock valued at $57,579,000 after buying an additional 1,188,466 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 2,500 shares of the stock in a transaction that occurred 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 represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the firm’s 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 completion of the transaction, the director directly owned 78,903 shares of the company’s stock, valued at $3,338,385.93. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,272 shares of company stock worth $1,263,318 over the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. The Goldman Sachs Group boosted their price objective on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a report on Saturday, September 27th. Barclays reaffirmed an “overweight” rating and issued a $45.00 price target (up previously from $42.00) on shares of BorgWarner in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $42.79.

BorgWarner Stock Performance

Shares of BWA opened at $44.77 on Friday. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 47.62, a PEG ratio of 1.47 and a beta of 1.09. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $44.90. The firm has a fifty day simple moving average of $41.91 and a 200 day simple moving average of $35.04. 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 issued 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 net margin of 1.50% and a return on equity of 16.17%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the business earned $1.19 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner announced that its Board of Directors has approved a share repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in 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 typically an indication that the company’s board of directors believes its stock is undervalued.

BorgWarner Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.5%. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, September 2nd. BorgWarner’s payout ratio is currently 72.34%.

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.