JPMorgan Chase & Co. Reduces Position in BorgWarner Inc. $BWA

JPMorgan Chase & Co. reduced its stake in BorgWarner Inc. (NYSE:BWA) by 43.0% during the 3rd quarter, Holdings Channel reports. The fund owned 659,646 shares of the auto parts company’s stock after selling 498,302 shares during the period. JPMorgan Chase & Co.’s holdings in BorgWarner were worth $28,998,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Acadian Asset Management LLC lifted its holdings in BorgWarner by 23.7% in the 1st quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock valued at $257,000 after purchasing an additional 1,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of BorgWarner in the second quarter valued at approximately $339,000. Envestnet Asset Management Inc. lifted its stake in shares of BorgWarner by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 276,199 shares of the auto parts company’s stock valued at $9,247,000 after buying an additional 2,054 shares during the period. Teacher Retirement System of Texas boosted its position in BorgWarner by 8.2% during the second quarter. Teacher Retirement System of Texas now owns 66,769 shares of the auto parts company’s stock worth $2,235,000 after acquiring an additional 5,082 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in BorgWarner by 111.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,108 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 585 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Down 0.6%

NYSE BWA opened at $57.54 on Friday. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 1.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.70 and a current ratio of 2.07. BorgWarner Inc. has a one year low of $24.40 and a one year high of $70.08. The company’s 50 day moving average price is $51.26 and its 200 day moving average price is $46.18.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.19. BorgWarner had a net margin of 1.93% and a return on equity of 17.89%. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. 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 year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 2nd. BorgWarner’s payout ratio is currently 54.40%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their price target on BorgWarner from $52.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. increased their target price 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 price target on BorgWarner in a research note on Thursday, February 12th. UBS Group downgraded shares of BorgWarner from a “neutral” rating to a “sell” rating and upped their price objective for the company from $49.00 to $55.00 in a research note on Friday, February 20th. Finally, Evercore reiterated an “outperform” rating and set a $75.00 price objective on shares of BorgWarner in a report on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.14.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 2,458 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $61.54, for a total transaction of $151,265.32. Following the transaction, the vice president directly owned 66,351 shares of the company’s stock, valued at approximately $4,083,240.54. The trade was a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 17,867 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $63.43, for a total value of $1,133,303.81. Following the completion of the transaction, the executive vice president owned 45,429 shares of the company’s stock, valued at approximately $2,881,561.47. This represents a 28.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 49,550 shares of company stock valued at $3,156,141 over the last quarter. Company insiders own 0.45% of the company’s stock.

BorgWarner Company Profile

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.