SEB Asset Management AB Purchases Shares of 938,638 BorgWarner Inc. $BWA

SEB Asset Management AB purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 938,638 shares of the auto parts company’s stock, valued at approximately $50,930,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWA. Prosperity Bancshares Inc purchased a new position in shares of BorgWarner during the 4th quarter valued at about $37,000. Sound Income Strategies LLC lifted its position in BorgWarner by 9,888.9% in the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares during the last quarter. Torren Management LLC purchased a new stake in BorgWarner in the fourth quarter worth approximately $48,000. Olistico Wealth LLC purchased a new stake in BorgWarner in the fourth quarter worth approximately $50,000. Finally, Cedar Mountain Advisors LLC bought a new position in BorgWarner during the first quarter valued at approximately $55,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the vice president directly owned 203,746 shares in the company, valued at approximately $13,243,490. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the sale, the executive vice president directly owned 35,365 shares in the company, valued at $2,236,482.60. The trade was a 12.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 67,500 shares of company stock worth $4,310,115. 0.76% of the stock is currently owned by corporate insiders.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $62.44 on Friday. 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 business’s 50 day simple moving average is $68.07 and its two-hundred day simple moving average is $58.36. The stock has a market capitalization of $12.81 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. BorgWarner Inc. has a one year low of $34.27 and a one year high of $78.82.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Analysts forecast that BorgWarner Inc. will post 5.16 EPS for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 1st. BorgWarner’s dividend payout ratio is currently 40.24%.

Analyst Ratings Changes

BWA has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of BorgWarner in a research note on Wednesday, June 3rd. UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their target price for the company from $61.00 to $95.00 in a report on Wednesday, June 10th. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Finally, Barclays boosted their price target on shares of BorgWarner from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.57.

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.