BorgWarner Inc. $BWA Stock Holdings Lifted by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC raised its stake in BorgWarner Inc. (NYSE:BWA) by 1,977.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,097 shares of the auto parts company’s stock after acquiring an additional 57,204 shares during the period. Strengthening Families & Communities LLC’s holdings in BorgWarner were worth $2,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blackston Financial Advisory Group LLC boosted its stake in 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 during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of BorgWarner by 4.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 6,832 shares of the auto parts company’s stock valued at $300,000 after buying an additional 272 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in BorgWarner by 3.4% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 10,937 shares of the auto parts company’s stock valued at $481,000 after acquiring an additional 356 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in BorgWarner by 18.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,321 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 360 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of BorgWarner by 81.8% in 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 in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were 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 in the company, valued at approximately $9,385,840. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the subject of several analyst reports. Evercore ISI upped their target price on BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Barclays raised their price objective on shares of BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $49.00 target price (up previously from $42.00) on shares of BorgWarner in a research report on Monday, December 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $51.00 price objective (down from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.31.

BorgWarner Stock Up 1.5%

Shares of BorgWarner stock opened at $48.11 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $45.81 and a two-hundred day moving average price of $43.41. The stock has a market capitalization of $10.29 billion, a P/E ratio of 76.36, a PEG ratio of 0.96 and a beta of 1.09. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $49.21.

BorgWarner Dividend Announcement

The firm 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 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 currently 107.94%.

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.