18,023 Shares in BorgWarner Inc. $BWA Bought by Diversified Trust Co

Diversified Trust Co purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,023 shares of the auto parts company’s stock, valued at approximately $792,000.

A number of other hedge funds have also modified their holdings of the company. Blackston Financial Advisory Group LLC lifted its holdings in shares of BorgWarner by 3.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock worth $267,000 after purchasing an additional 265 shares during the period. Assetmark Inc. raised its position in BorgWarner by 81.8% during the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after buying an additional 364 shares during the last quarter. Tectonic Advisors LLC raised its position in BorgWarner by 2.3% during the 2nd quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock worth $569,000 after buying an additional 388 shares during the last quarter. AMG National Trust Bank lifted its stake in BorgWarner by 0.9% during the 2nd quarter. AMG National Trust Bank now owns 50,699 shares of the auto parts company’s stock valued at $1,697,000 after acquiring an additional 453 shares during the period. Finally, MAI Capital Management boosted its holdings in shares of BorgWarner by 6.5% in the 2nd quarter. MAI Capital Management now owns 8,072 shares of the auto parts company’s stock valued at $270,000 after acquiring an additional 490 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BWA stock opened at $45.12 on Friday. 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 business’s 50 day moving average is $44.12 and its two-hundred day moving average is $41.23. The company has a market capitalization of $9.65 billion, a P/E ratio of 71.62, a P/E/G ratio of 0.94 and a beta of 1.06.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share 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 business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

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

Insider Activity

In related 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 value of $141,536.00. Following the sale, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction that occurred 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 trade represents a 2.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 23,200 shares of company stock worth $1,054,336. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BWA. 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 report on Monday, October 20th. Robert W. Baird set a $54.00 price objective on BorgWarner in a research note on Friday, October 31st. Barclays upped their target price on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. UBS Group lifted their price target on BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, Evercore ISI upped their price objective on BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. 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 company. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $46.46.

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.