Bailard Inc. Invests $496,000 in BorgWarner Inc. $BWA

Bailard Inc. bought a new position in shares of BorgWarner Inc. (NYSE:BWA) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 14,800 shares of the auto parts company’s stock, valued at approximately $496,000.

Several other large investors have also recently added to or reduced their stakes in BWA. LSV Asset Management raised its stake in shares of BorgWarner by 36.7% in the first quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock valued at $168,722,000 after acquiring an additional 1,580,935 shares during the last quarter. Millennium Management LLC lifted its position in BorgWarner by 144.7% during the 1st quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock worth $57,579,000 after buying an additional 1,188,466 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new position in BorgWarner during the 1st quarter worth about $28,989,000. Public Sector Pension Investment Board grew its holdings 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 worth $19,870,000 after acquiring an additional 636,757 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in BorgWarner in the 1st quarter valued at about $16,488,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $44.75 on Friday. The firm has a fifty day moving average of $43.73 and a two-hundred day moving average of $38.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $46.39.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. BorgWarner’s payout ratio is currently 107.94%.

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 outstanding shares. This repurchase authorization permits the auto parts company to repurchase 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.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of BorgWarner from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, October 8th. Morgan Stanley increased their price objective on BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. UBS Group lifted their target price on BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Piper Sandler upped their price target on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.85.

Insider Activity

In related news, Director Alexis P. Michas sold 8,772 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 78,903 shares of the company’s stock, 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 can be accessed through this link. Also, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total transaction of $682,800.00. Following the sale, the vice president directly owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This represents a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,972 shares of company stock valued at $1,425,479 in the last quarter. Company insiders own 0.45% 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.