Ieq Capital LLC Purchases Shares of 424,655 BorgWarner Inc. $BWA

Ieq Capital LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 424,655 shares of the auto parts company’s stock, valued at approximately $28,197,000.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of BorgWarner in the second quarter valued at $1,678,187,000. Dimensional Fund Advisors LP lifted its position in BorgWarner by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock worth $538,996,000 after buying an additional 178,853 shares during the period. AQR Capital Management LLC boosted its stake 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 buying an additional 1,703,576 shares during the last quarter. State Street Corp boosted its stake in BorgWarner by 5.3% in the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock worth $255,578,000 after buying an additional 380,942 shares during the last quarter. Finally, LSV Asset Management grew its holdings in BorgWarner by 6.7% in the 4th quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock valued at $290,481,000 after buying an additional 402,887 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $67.74 on Friday. The firm has a market capitalization of $13.80 billion, a PE ratio of 33.87, a P/E/G ratio of 1.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.76. The business has a 50-day moving average of $66.34 and a two-hundred day moving average of $61.56. BorgWarner Inc. has a 12 month low of $40.50 and a 12 month high of $78.82.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, research analysts forecast that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner declared that its board has approved a stock repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.17 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 1.0%. BorgWarner’s dividend payout ratio (DPR) is presently 34.00%.

Insider Buying and Selling

In other BorgWarner news, Director Rajesh Kalathur acquired 7,407 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $67.59 per share, with a total value of $500,639.13. Following the completion of the transaction, the director directly owned 7,407 shares of the company’s stock, valued at approximately $500,639.13. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy B. Kulikowski sold 2,900 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total transaction of $198,940.00. Following the completion of the transaction, the chief accounting officer directly owned 9,725 shares in the company, valued at approximately $667,135. This represents a 22.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. TD Cowen raised their target price on shares of BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Wolfe Research reaffirmed an “outperform” rating and set a $95.00 price target on shares of BorgWarner in a research report on Wednesday, June 3rd. Finally, Morgan Stanley increased their price target on shares of BorgWarner from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.93.

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.