DekaBank Deutsche Girozentrale Buys 16,198 Shares of BorgWarner Inc. $BWA

DekaBank Deutsche Girozentrale boosted its stake in BorgWarner Inc. (NYSE:BWA) by 50.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,466 shares of the auto parts company’s stock after acquiring an additional 16,198 shares during the period. DekaBank Deutsche Girozentrale’s holdings in BorgWarner were worth $1,633,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BWA. LSV Asset Management raised its position 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 acquiring an additional 1,580,935 shares during the period. Millennium Management LLC increased its stake in shares of BorgWarner by 144.7% in the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock worth $57,579,000 after purchasing an additional 1,188,466 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of BorgWarner in the first quarter worth about $28,989,000. Principal Financial Group Inc. increased its stake in shares of BorgWarner by 338.5% in the first 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 in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of BorgWarner by 1,121.2% in the first quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock worth $19,870,000 after purchasing an additional 636,757 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total value of $371,143.32. Following the completion of the sale, the director directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total transaction of $202,500.00. Following the sale, the vice president owned 229,040 shares of the company’s stock, valued at $9,276,120. This represents a 2.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,272 shares of company stock worth $1,263,318. 0.45% of the stock is currently owned by insiders.

BorgWarner Trading Up 0.6%

Shares of BorgWarner stock opened at $43.97 on Friday. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $44.97. The firm has a market cap of $9.51 billion, a PE ratio of 46.78, a PEG ratio of 1.62 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. The company has a 50 day simple moving average of $43.26 and a two-hundred day simple moving average of $36.59.

BorgWarner (NYSE:BWA) last announced 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 during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the business posted $1.19 earnings per share. BorgWarner’s revenue for the quarter was up 1.0% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

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

BorgWarner Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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 1.5%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s dividend payout ratio (DPR) is presently 72.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BWA shares. UBS Group lifted their target price on shares of BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Barclays lifted their target price on shares of BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. 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, Evercore ISI lifted their target price on shares of BorgWarner from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.21.

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.