Rhumbline Advisers Increases Stock Holdings in BorgWarner Inc. $BWA

Rhumbline Advisers lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 1.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 559,406 shares of the auto parts company’s stock after acquiring an additional 10,426 shares during the quarter. Rhumbline Advisers’ holdings in BorgWarner were worth $24,591,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in BorgWarner by 1,133.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 714 shares in the last quarter. Assetmark Inc. grew its holdings in shares of BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 364 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of BorgWarner by 1,647.8% during the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 758 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of BorgWarner during the third quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of BorgWarner in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Down 5.8%

BorgWarner stock opened at $62.71 on Tuesday. The stock’s 50 day moving average price is $48.54 and its 200 day moving average price is $44.89. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $70.08. The company has a market cap of $12.98 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.70.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, February 11th. The auto parts company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.19. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.BorgWarner’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, March 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 54.40%.

Analysts Set New Price Targets

Several research analysts have commented on BWA shares. JPMorgan Chase & Co. lifted their price target on BorgWarner from $56.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Robert W. Baird set a $76.00 target price on shares of BorgWarner in a report on Thursday. Barclays upped their price target on shares of BorgWarner from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday. Piper Sandler reissued a “neutral” rating and set a $51.00 price objective (down from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. Finally, Morgan Stanley set a $60.00 target price on shares of BorgWarner in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.14.

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.