Flputnam Investment Management Co. Sells 14,550 Shares of BorgWarner Inc. $BWA

Flputnam Investment Management Co. trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA) by 30.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,833 shares of the auto parts company’s stock after selling 14,550 shares during the quarter. Flputnam Investment Management Co.’s holdings in BorgWarner were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BWA. Caitong International Asset Management Co. Ltd grew its holdings in shares of BorgWarner by 1,133.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 714 shares during the last quarter. Assetmark Inc. boosted its position in BorgWarner by 81.8% during the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after buying an additional 364 shares during the period. Addison Advisors LLC grew its holdings in BorgWarner by 1,647.8% in the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 758 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of BorgWarner in the second quarter valued at about $32,000. Finally, Hantz Financial Services Inc. raised its stake in shares of BorgWarner by 111.9% during the second quarter. Hantz Financial Services Inc. now owns 1,108 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 585 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $45.49 on Tuesday. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $46.39. The firm has a market capitalization of $9.73 billion, a P/E ratio of 72.21, a P/E/G ratio of 0.94 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 business has a fifty day simple moving average of $43.72 and a two-hundred day simple moving average of $40.65.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period last year, the business earned $1.09 EPS. BorgWarner’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. On average, equities analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BWA shares. Evercore ISI boosted their price target on BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Barclays lifted their price objective on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. The Goldman Sachs Group upped their target price on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 29th. UBS Group lifted their price target on shares of BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $46.46.

Insiders Place Their Bets

In other news, VP Isabelle Mckenzie sold 3,200 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction dated Tuesday, November 11th. The stock was 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 directly owned 209,040 shares of the company’s stock, valued at approximately $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 have sold 23,200 shares of company stock valued at $1,054,336 in the last quarter. 0.63% of the stock is owned by company insiders.

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.