BorgWarner Inc. $BWA Shares Sold by Axa S.A.

Axa S.A. lessened its stake in BorgWarner Inc. (NYSE:BWA) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 664,111 shares of the auto parts company’s stock after selling 44,054 shares during the quarter. Axa S.A. owned approximately 0.31% of BorgWarner worth $22,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. State Street Corp boosted its stake in BorgWarner by 5.3% during the second quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after buying an additional 380,942 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in BorgWarner during the 2nd quarter worth $335,000. Financial Strategies Group Inc. increased its position in shares of BorgWarner by 7.0% in the 2nd quarter. Financial Strategies Group Inc. now owns 15,041 shares of the auto parts company’s stock valued at $533,000 after purchasing an additional 983 shares during the last quarter. Bank of Nova Scotia purchased a new position in shares of BorgWarner in the 2nd quarter valued at about $1,089,000. Finally, California Public Employees Retirement System grew its position in shares of BorgWarner by 6.7% in the 2nd quarter. California Public Employees Retirement System now owns 446,092 shares of the auto parts company’s stock valued at $14,935,000 after buying an additional 28,013 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of BorgWarner stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the transaction, the vice president owned 43,555 shares of the company’s stock, valued at $1,926,437.65. The trade was a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the vice president owned 204,040 shares of the company’s stock, valued at approximately $9,385,840. This represents a 2.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 23,200 shares of company stock valued at $1,054,336. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday. Robert W. Baird set a $54.00 target price on shares of BorgWarner in a report on Friday, October 31st. Baird R W raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Zacks Research lowered BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. upped their price target on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.46.

BorgWarner Stock Up 3.2%

NYSE:BWA opened at $43.48 on Thursday. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $46.39. The firm has a market capitalization of $9.30 billion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $43.39 and a 200-day moving average of $39.92.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter last year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, December 1st. BorgWarner’s payout ratio is presently 107.94%.

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.