Corient Private Wealth LLC Trims Stake in BorgWarner Inc. $BWA

Corient Private Wealth LLC cut its stake in BorgWarner Inc. (NYSE:BWA) by 47.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,981 shares of the auto parts company’s stock after selling 13,367 shares during the quarter. Corient Private Wealth LLC’s holdings in BorgWarner were worth $502,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Blackston Financial Advisory Group LLC increased its holdings in shares of BorgWarner by 3.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock valued at $267,000 after purchasing an additional 265 shares in the last quarter. Assetmark Inc. grew its position in BorgWarner by 81.8% during the second 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. Tectonic Advisors LLC increased its holdings in BorgWarner by 2.3% in the second quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock valued at $569,000 after buying an additional 388 shares in the last quarter. AMG National Trust Bank increased its holdings in BorgWarner by 0.9% in the second quarter. AMG National Trust Bank now owns 50,699 shares of the auto parts company’s stock valued at $1,697,000 after buying an additional 453 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of BorgWarner by 6.5% in the second quarter. MAI Capital Management now owns 8,072 shares of the auto parts company’s stock worth $270,000 after acquiring an additional 490 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

NYSE BWA opened at $45.62 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The stock’s 50 day simple moving average is $43.97 and its 200-day simple moving average is $41.00. The company has a market cap of $9.76 billion, a PE ratio of 72.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.06. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $46.39.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The firm 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 business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Robert W. Baird set a $54.00 target price on BorgWarner in a research report on Friday, October 31st. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 price objective (up from $42.00) on shares of BorgWarner in a report on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their target price on BorgWarner from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Finally, Evercore ISI lifted their price target on shares of BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $46.46.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 15,000 shares of the company’s 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 sale, the vice president 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the sale, the vice president owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,200 shares of company stock worth $1,054,336 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

About BorgWarner

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.