Cornell Pochily Investment Advisors Inc. Sells 1,557 Shares of BorgWarner Inc. $BWA

Cornell Pochily Investment Advisors Inc. decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 19.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,540 shares of the auto parts company’s stock after selling 1,557 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in BorgWarner were worth $219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BWA. Wellington Management Group LLP raised its position in shares of BorgWarner by 231.1% during the fourth quarter. Wellington Management Group LLP now owns 91,466 shares of the auto parts company’s stock valued at $2,908,000 after buying an additional 63,837 shares during the last quarter. Versant Capital Management Inc raised its position in shares of BorgWarner by 448.5% during the first quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company’s stock valued at $52,000 after buying an additional 1,480 shares during the last quarter. GAMMA Investing LLC raised its position in shares of BorgWarner by 1,822.6% during the first quarter. GAMMA Investing LLC now owns 99,244 shares of the auto parts company’s stock valued at $2,843,000 after buying an additional 94,082 shares during the last quarter. Rhumbline Advisers raised its position in shares of BorgWarner by 39.0% during the first quarter. Rhumbline Advisers now owns 556,066 shares of the auto parts company’s stock valued at $15,931,000 after buying an additional 155,912 shares during the last quarter. Finally, Matrix Trust Co raised its position in shares of BorgWarner by 46.2% during the first quarter. Matrix Trust Co now owns 8,853 shares of the auto parts company’s stock valued at $254,000 after buying an additional 2,798 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company lifted their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Baird R W raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Barclays reissued an “overweight” rating and issued a $45.00 target price (up from $42.00) on shares of BorgWarner in a report on Wednesday, July 16th. Finally, Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and raised their target price for the company from $41.00 to $46.00 in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.79.

Insiders Place Their Bets

In other BorgWarner news, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the transaction, the director directly owned 78,903 shares of the company’s stock, valued at $3,338,385.93. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total transaction of $100,025.00. Following the transaction, the vice president directly owned 55,945 shares of the company’s stock, valued at $2,238,359.45. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,272 shares of company stock valued at $1,263,318 over the last three months. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Up 0.2%

NYSE BWA opened at $44.37 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average of $41.73 and a two-hundred day moving average of $34.89. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 1.46 and a beta of 1.09. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $44.70.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.56 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. BorgWarner’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 annualized dividend and a yield of 1.5%. BorgWarner’s payout ratio is presently 72.34%.

BorgWarner announced that its Board of Directors has initiated a share buyback plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to purchase up to 13.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.