Ritholtz Wealth Management Boosts Stake in BorgWarner Inc. $BWA

Ritholtz Wealth Management increased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 46.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,601 shares of the auto parts company’s stock after acquiring an additional 23,509 shares during the period. Ritholtz Wealth Management’s holdings in BorgWarner were worth $3,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of BorgWarner by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock valued at $538,996,000 after buying an additional 178,853 shares in the last quarter. AQR Capital Management LLC increased its holdings in BorgWarner by 22.7% in the 4th quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock worth $415,559,000 after acquiring an additional 1,703,576 shares in the last quarter. State Street Corp raised its position in BorgWarner by 5.3% during the second quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after acquiring an additional 380,942 shares during the period. LSV Asset Management raised its position in BorgWarner by 6.7% during the fourth quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock worth $290,481,000 after acquiring an additional 402,887 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in BorgWarner by 10.9% during the fourth quarter. Geode Capital Management LLC now owns 4,297,717 shares of the auto parts company’s stock valued at $193,695,000 after purchasing an additional 423,933 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on BWA shares. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. Wolfe Research reiterated an “outperform” rating and set a $95.00 price objective on shares of BorgWarner in a research report on Wednesday, June 3rd. TD Cowen boosted their price objective on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on BorgWarner from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

BorgWarner Trading Up 1.6%

NYSE BWA opened at $69.29 on Friday. The firm’s 50-day moving average is $65.36 and its two-hundred day moving average is $56.20. BorgWarner Inc. has a 12 month low of $32.80 and a 12 month high of $78.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The stock has a market capitalization of $14.21 billion, a P/E ratio of 41.00, a PEG ratio of 1.31 and a beta of 1.07.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, May 6th. 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 net margin of 2.53% and a return on equity of 18.36%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business earned $1.11 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, sell-side analysts anticipate that BorgWarner Inc. will post 5.18 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. BorgWarner’s dividend payout ratio (DPR) is presently 40.24%.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Joseph F. Fadool sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total value of $1,951,990.00. Following the sale, the chief executive officer owned 405,964 shares of the company’s stock, valued at $27,325,436.84. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the vice president owned 203,746 shares in the company, valued at $13,243,490. This trade represents a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,500 shares of company stock worth $4,310,115 over the last quarter. Company insiders own 0.76% 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.