Cerity Partners LLC Has $11.47 Million Stock Position in BorgWarner Inc. $BWA

Cerity Partners LLC lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 81.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 261,003 shares of the auto parts company’s stock after buying an additional 117,162 shares during the period. Cerity Partners LLC owned about 0.12% of BorgWarner worth $11,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BWA. Caitong International Asset Management Co. Ltd grew its position in BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock valued at $26,000 after buying an additional 714 shares during the period. Assetmark Inc. grew its position in shares of 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 acquiring an additional 364 shares during the period. Addison Advisors LLC increased its stake in shares of BorgWarner by 1,647.8% during the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 758 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of BorgWarner in the 2nd quarter worth approximately $32,000. Finally, Trust Co. of Vermont lifted its position in shares of BorgWarner by 55,000.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after buying an additional 1,100 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Down 0.3%

Shares of NYSE:BWA opened at $47.65 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. The stock has a fifty day simple moving average of $44.60 and a two-hundred day simple moving average of $41.89. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $48.16. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 75.64, a PEG ratio of 0.93 and a beta of 1.06.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.58 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. BorgWarner’s revenue was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.17 per share. The ex-dividend date was Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

Insider Buying and Selling

In other news, VP Isabelle Mckenzie sold 3,200 shares of the company’s 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 sale, the vice president directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 5,000 shares of the 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 completion of the sale, the vice president owned 204,040 shares in the company, valued at approximately $9,385,840. The trade was a 2.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 23,200 shares of company stock worth $1,054,336. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BWA shares. Robert W. Baird set a $54.00 price target on BorgWarner in a report on Friday, October 31st. The Goldman Sachs Group boosted their price objective on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, October 8th. Morgan Stanley restated an “equal weight” rating and set a $49.00 price target (up from $42.00) on shares of BorgWarner in a research report on Monday, December 8th. Finally, Zacks Research lowered BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

BorgWarner Company 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.