Foster & Motley Inc. Buys 13,621 Shares of BorgWarner Inc. $BWA

Foster & Motley Inc. increased its position in BorgWarner Inc. (NYSE:BWA) by 113.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,644 shares of the auto parts company’s stock after purchasing an additional 13,621 shares during the period. Foster & Motley Inc.’s holdings in BorgWarner were worth $1,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BWA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in BorgWarner by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,411 shares of the auto parts company’s stock valued at $1,889,000 after acquiring an additional 4,078 shares during the last quarter. CWM LLC boosted its position in BorgWarner by 218.3% in the third quarter. CWM LLC now owns 235,861 shares of the auto parts company’s stock worth $10,368,000 after purchasing an additional 161,755 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of BorgWarner during the 2nd quarter valued at about $567,000. Columbia Bank purchased a new stake in shares of BorgWarner during the 2nd quarter valued at about $239,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of BorgWarner during the 2nd quarter valued at about $212,000. 95.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BWA. Piper Sandler restated a “neutral” rating and set a $51.00 target price (down from $52.00) on shares of BorgWarner in a research report on Thursday. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 price target (up previously from $42.00) on shares of BorgWarner in a research note on Monday, December 8th. Robert W. Baird set a $54.00 price objective on BorgWarner in a research note on Friday, October 31st. JPMorgan Chase & Co. raised their target price on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Zacks Research lowered BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.

BorgWarner Stock Up 0.5%

BWA opened at $47.70 on Friday. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 75.72, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The firm’s fifty day moving average is $44.51 and its 200 day moving average is $41.73. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $48.16.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. BorgWarner’s payout ratio is currently 107.94%.

Insider Activity at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the completion of the sale, the vice president directly owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This trade represents a 6.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the vice president owned 43,555 shares in the company, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,200 shares of company stock valued at $1,054,336 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

About BorgWarner

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.