Cresset Asset Management LLC Makes New $710,000 Investment in BorgWarner Inc. $BWA

Cresset Asset Management LLC acquired a new stake in BorgWarner Inc. (NYSE:BWA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,147 shares of the auto parts company’s stock, valued at approximately $710,000.

Several other large investors have also made changes to their positions in BWA. Fifth Third Wealth Advisors LLC lifted its position in shares of BorgWarner by 4.1% during the 3rd 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 in the last quarter. Envestnet Portfolio Solutions Inc. increased 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 worth $481,000 after acquiring an additional 356 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position 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 worth $102,000 after acquiring an additional 360 shares during the period. Hantz Financial Services Inc. lifted its holdings in BorgWarner by 32.7% during the third quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 362 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings 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 purchasing an additional 364 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Up 0.3%

Shares of NYSE BWA opened at $52.99 on Thursday. The stock has a market cap of $10.97 billion, a PE ratio of 42.40, a P/E/G ratio of 1.08 and a beta of 1.04. The company has a current ratio of 2.07, a quick ratio of 1.70 and a debt-to-equity ratio of 0.69. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $70.08. The company has a 50-day moving average of $52.51 and a 200 day moving average of $46.82.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.19. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.49 billion. BorgWarner had a net margin of 1.93% and a return on equity of 17.89%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. BorgWarner’s payout ratio is 54.40%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BWA shares. JPMorgan Chase & Co. boosted their target price on shares of BorgWarner from $56.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. New Street Research set a $66.00 price objective on BorgWarner in a report on Thursday, February 12th. The Goldman Sachs Group boosted their price objective on BorgWarner from $54.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, January 21st. Finally, TD Cowen restated a “hold” rating on shares of BorgWarner in a research report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $61.31.

Insider Buying and Selling

In other BorgWarner news, EVP Tonit M. Calaway sold 14,021 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $51.46, for a total value of $721,520.66. Following the completion of the sale, the executive vice president directly owned 204,913 shares in the company, valued at $10,544,822.98. This represents a 6.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isabelle Mckenzie sold 2,458 shares of BorgWarner stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $61.54, for a total value of $151,265.32. Following the transaction, the vice president owned 66,351 shares in the company, valued at approximately $4,083,240.54. This represents a 3.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 66,071 shares of company stock valued at $4,010,237 in the last quarter. Corporate insiders own 0.45% of the company’s stock.

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.