116,560 Shares in BorgWarner Inc. $BWA Purchased by Castleark Management LLC

Castleark Management LLC bought a new stake in BorgWarner Inc. (NYSE:BWA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 116,560 shares of the auto parts company’s stock, valued at approximately $3,902,000. Castleark Management LLC owned approximately 0.05% of BorgWarner as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of BorgWarner in the 1st quarter valued at about $14,377,000. Russell Investments Group Ltd. boosted its position in BorgWarner by 26.2% in the first quarter. Russell Investments Group Ltd. now owns 358,011 shares of the auto parts company’s stock worth $10,256,000 after purchasing an additional 74,294 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in BorgWarner during the first quarter valued at about $398,000. Dimensional Fund Advisors LP raised its holdings 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 worth $331,429,000 after purchasing an additional 284,587 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its position in shares of BorgWarner by 16.0% during the 1st quarter. Brandywine Global Investment Management LLC now owns 217,099 shares of the auto parts company’s stock valued at $6,220,000 after buying an additional 29,996 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Down 1.3%

Shares of BWA stock opened at $44.53 on Monday. The company has a 50 day simple moving average of $43.40 and a two-hundred day simple moving average of $40.13. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $46.39. 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 market cap of $9.53 billion, a P/E ratio of 70.68, a P/E/G ratio of 1.08 and a beta of 1.06.

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

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid 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 dividend yield of 1.5%. BorgWarner’s payout ratio is 107.94%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total value of $141,536.00. Following the completion of the sale, the vice president owned 43,555 shares in the company, valued at approximately $1,926,437.65. This represents a 6.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the completion of the transaction, the vice president owned 209,040 shares in the company, valued at $9,515,500.80. The trade was a 6.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,200 shares of company stock valued at $1,054,336 in the last ninety days. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BWA shares. Baird R W upgraded BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company reduced their target price on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Robert W. Baird set a $54.00 price objective on BorgWarner in a research note on Friday, October 31st. Bank of America lowered BorgWarner from a “buy” rating to a “neutral” rating and upped their price target for the company from $41.00 to $46.00 in a research report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.46.

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.