TD Waterhouse Canada Inc. Acquires 1,900 Shares of BorgWarner Inc. $BWA

TD Waterhouse Canada Inc. boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 7,600.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,925 shares of the auto parts company’s stock after purchasing an additional 1,900 shares during the period. TD Waterhouse Canada Inc.’s holdings in BorgWarner were worth $67,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blackston Financial Advisory Group LLC increased its position in BorgWarner by 3.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock worth $267,000 after buying an additional 265 shares during the last quarter. Trajan Wealth LLC grew its stake in shares of BorgWarner by 4.6% during the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock worth $229,000 after acquiring an additional 353 shares during the period. Assetmark Inc. increased its holdings in BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. Tectonic Advisors LLC raised its stake in BorgWarner by 2.3% in the 2nd quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock valued at $569,000 after acquiring an additional 388 shares during the period. Finally, Strengthening Families & Communities LLC lifted its holdings in BorgWarner by 14.6% during the first quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company’s stock valued at $95,000 after purchasing an additional 421 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction 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 transaction, the vice president directly owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the transaction, the director owned 78,903 shares of the company’s stock, valued at $3,338,385.93. This trade represents a 10.01% 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 worth $1,425,479 over the last quarter. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

NYSE BWA opened at $43.54 on Wednesday. The company has a 50-day simple moving average of $43.59 and a two-hundred day simple moving average of $39.20. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $46.39. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 1.58 and a beta of 1.06. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

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

BorgWarner announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding 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 often a sign that the company’s management believes its stock is undervalued.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. BorgWarner’s payout ratio is 107.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, October 8th. Evercore ISI increased their price objective on BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Wells Fargo & Company raised their price target on shares of BorgWarner from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.08.

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.