Engineers Gate Manager LP Acquires 29,652 Shares of BorgWarner Inc. $BWA

Engineers Gate Manager LP grew its holdings in BorgWarner Inc. (NYSE:BWA) by 85.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,351 shares of the auto parts company’s stock after acquiring an additional 29,652 shares during the period. Engineers Gate Manager LP’s holdings in BorgWarner were worth $4,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in shares of BorgWarner by 23.7% during the first quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 1,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in BorgWarner in the 2nd quarter worth approximately $339,000. EverSource Wealth Advisors LLC boosted its stake in BorgWarner by 400.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock worth $185,000 after purchasing an additional 4,426 shares during the period. Marshall Wace LLP bought a new position in BorgWarner in the 2nd quarter worth approximately $247,000. Finally, Cerity Partners LLC grew its holdings in BorgWarner by 30.2% during the 2nd quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock valued at $4,816,000 after buying an additional 33,362 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Activity

In related news, CAO Amy Kulikowski sold 2,900 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total value of $198,940.00. Following the completion of the transaction, the chief accounting officer owned 9,725 shares of the company’s stock, valued at approximately $667,135. This trade represents a 22.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rajesh Kalathur purchased 7,407 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 7,407 shares of the company’s stock, valued at $500,639.13. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Morgan Stanley raised their target price on shares of BorgWarner from $67.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Wells Fargo & Company lifted their price target on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Barclays boosted their price target on shares of BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada initiated coverage on shares of BorgWarner in a report on Monday, August 31st. They set an “outperform” rating and a $87.00 price objective for the company. Nine research 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 currently has an average rating of “Moderate Buy” and an average price target of $78.86.

BorgWarner Stock Up 1.5%

NYSE BWA opened at $66.69 on Friday. The stock has a 50 day moving average price of $65.30 and a 200-day moving average price of $62.42. BorgWarner Inc. has a one year low of $40.50 and a one 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. The company has a market capitalization of $13.58 billion, a P/E ratio of 33.35, a P/E/G ratio of 1.20 and a beta of 1.12.

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

BorgWarner announced that its board has authorized a stock buyback 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 reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

BorgWarner Dividend Announcement

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 issued a $0.17 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. BorgWarner’s payout ratio is 34.00%.

BorgWarner Company 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.