Squarepoint Ops LLC Sells 52,078 Shares of BorgWarner Inc. $BWA

Squarepoint Ops LLC lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 59.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,834 shares of the auto parts company’s stock after selling 52,078 shares during the quarter. Squarepoint Ops LLC’s holdings in BorgWarner were worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its stake in shares of BorgWarner by 97.9% in the 1st quarter. Brooklyn Investment Group now owns 1,480 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 732 shares during the period. Quantbot Technologies LP purchased a new stake in BorgWarner during the first quarter valued at approximately $716,000. Capital Analysts LLC raised its position in BorgWarner by 280.9% in the first quarter. Capital Analysts LLC now owns 4,639 shares of the auto parts company’s stock worth $133,000 after acquiring an additional 3,421 shares during the period. SVB Wealth LLC purchased a new position in shares of BorgWarner during the 1st quarter worth $62,000. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of BorgWarner by 516.8% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 49,536 shares of the auto parts company’s stock valued at $1,419,000 after acquiring an additional 41,505 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the completion of the transaction, the vice president owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This represents a 6.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $141,536.00. Following the completion of the sale, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. This trade represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,200 shares of company stock valued at $1,054,336 in the last three months. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Down 0.3%

Shares of BWA opened at $45.02 on Friday. The business’s 50 day moving average is $43.64 and its 200 day moving average is $40.50. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $46.39. The company has a market capitalization of $9.63 billion, a PE ratio of 71.46, a price-to-earnings-growth ratio of 0.94 and a beta of 1.06.

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

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.17 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.5%. BorgWarner’s payout ratio is presently 107.94%.

Analyst Ratings Changes

A number of equities analysts recently commented on BWA shares. Baird R W raised BorgWarner from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $49.00 price objective (up previously from $42.00) on shares of BorgWarner in a research note on Monday, December 8th. Zacks Research downgraded BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Robert W. Baird set a $54.00 target price on shares of BorgWarner in a report on Friday, October 31st. Finally, Bank of America downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and lifted their price target for the company from $41.00 to $46.00 in a report on Wednesday, September 10th. One investment 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.46.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.