Universal Beteiligungs und Servicegesellschaft mbH Decreases Holdings in BorgWarner Inc. $BWA

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 37.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,789 shares of the auto parts company’s stock after selling 129,761 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of BorgWarner worth $7,225,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. LSV Asset Management raised its position in BorgWarner by 36.7% in the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock worth $168,722,000 after purchasing an additional 1,580,935 shares during the period. Millennium Management LLC increased its holdings in shares of BorgWarner by 144.7% in the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock worth $57,579,000 after buying an additional 1,188,466 shares during the period. Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of BorgWarner in the 1st quarter valued at about $28,989,000. Public Sector Pension Investment Board boosted its holdings in BorgWarner by 1,121.2% during the 1st quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock valued at $19,870,000 after acquiring an additional 636,757 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in BorgWarner during the 1st quarter worth approximately $16,488,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWA has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price objective on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Baird R W raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Piper Sandler boosted their price objective on shares of BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. UBS Group increased their target price on shares of BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted their price target on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $45.85.

Insider Activity at BorgWarner

In other news, VP Isabelle Mckenzie sold 3,200 shares of BorgWarner stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the transaction, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total value of $682,800.00. Following the completion of the sale, the vice president directly owned 209,040 shares in the company, valued at approximately $9,515,500.80. This represents a 6.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,972 shares of company stock valued at $1,425,479 in the last three months. Company insiders own 0.45% of the company’s stock.

BorgWarner Trading Down 5.1%

Shares of BWA opened at $40.92 on Friday. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $46.39. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $43.63 and its 200-day moving average price is $38.81. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.58 and a beta of 1.06.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. BorgWarner’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Sell-side analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

BorgWarner declared that its board has authorized 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 reacquire up to 13.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

BorgWarner Company 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.