QRG Capital Management Inc. Reduces Holdings in BorgWarner Inc. $BWA

QRG Capital Management Inc. reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 32.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,995 shares of the auto parts company’s stock after selling 24,239 shares during the quarter. QRG Capital Management Inc.’s holdings in BorgWarner were worth $2,242,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of 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 worth $26,000 after purchasing an additional 714 shares in the last quarter. Assetmark Inc. boosted its position in shares of BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 364 shares during the period. Addison Advisors LLC grew its stake in 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 buying an additional 758 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in BorgWarner during the second quarter worth approximately $32,000. Finally, Trust Co. of Vermont lifted its stake in BorgWarner by 55,000.0% in the second 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. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays raised their target price on shares of BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Evercore ISI raised their price objective on shares of BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. UBS Group lifted their price objective on shares of BorgWarner from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their target price on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.31.

BorgWarner Stock Performance

NYSE BWA opened at $47.21 on Tuesday. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 0.92 and a beta of 1.06. The business’s 50 day moving average is $45.00 and its two-hundred day moving average is $42.52. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $48.80. 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 (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating 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 firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

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

Insider Activity

In other BorgWarner 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 value of $141,536.00. Following the sale, the vice president owned 43,555 shares of the company’s stock, valued at $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president owned 204,040 shares in the company, valued at $9,385,840. This represents a 2.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,200 shares of company stock worth $1,054,336 over the last quarter. Insiders own 0.63% of the company’s stock.

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.