BorgWarner Inc. $BWA Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 72.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,561 shares of the auto parts company’s stock after selling 62,399 shares during the quarter. Wellington Management Group LLP’s holdings in BorgWarner were worth $1,564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Clearstead Trust LLC purchased a new stake in BorgWarner in the 2nd quarter valued at about $28,000. Ceredex Value Advisors LLC acquired a new position in shares of BorgWarner during the 2nd quarter valued at about $40,000. Fiduciary Financial Advisors purchased a new position in shares of BorgWarner during the 2nd quarter worth about $49,000. Prosperity Bancshares Inc purchased a new position in shares of BorgWarner during the 4th quarter worth about $37,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of BorgWarner in the second quarter worth approximately $57,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWA has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Robert W. Baird set a $79.00 price target on shares of BorgWarner in a report on Thursday, August 6th. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group restated a “buy” rating and set a $84.00 price objective on shares of BorgWarner in a report on Thursday, June 11th. Finally, UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $95.00 in a research report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.86.

BorgWarner Stock Up 1.5%

Shares of NYSE:BWA opened at $66.69 on Friday. The stock has a 50-day simple moving average of $65.30 and a 200-day simple moving average of $62.42. The stock has a market capitalization of $13.58 billion, a P/E ratio of 33.35, a PEG ratio of 1.18 and a beta of 1.12. BorgWarner Inc. has a 1 year low of $40.50 and a 1 year high of $78.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. BorgWarner’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Equities analysts forecast that BorgWarner Inc. will post 5.2 earnings per share for the current year.

BorgWarner Announces Dividend

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

BorgWarner announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 7.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, CAO Amy Kulikowski sold 2,900 shares of BorgWarner 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 transaction, the chief accounting officer owned 9,725 shares in the company, valued at approximately $667,135. The trade was a 22.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rajesh Kalathur purchased 7,407 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average cost of $67.59 per share, with a total value of $500,639.13. Following the completion of the transaction, the director owned 7,407 shares in the company, valued at $500,639.13. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.76% of the company’s stock.

BorgWarner Profile

BorgWarner Inc (NYSE:BWA) is a global automotive technology company headquartered in Auburn Hills, Michigan. The company develops and supplies propulsion and drivetrain systems for passenger vehicles, commercial vehicles and off-highway applications, serving automakers and other transportation manufacturers worldwide.

Its product portfolio includes turbochargers, transmission systems, dual-clutch modules, four-wheel-drive systems, emissions technologies, and components for hybrid and internal-combustion vehicles.