Brevan Howard Capital Management LP Sells 226,531 Shares of BorgWarner Inc. $BWA

Brevan Howard Capital Management LP cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 69.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 98,962 shares of the auto parts company’s stock after selling 226,531 shares during the quarter. Brevan Howard Capital Management LP’s holdings in BorgWarner were worth $4,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BWA. AQR Capital Management LLC raised its stake in shares of BorgWarner by 119.7% during the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after acquiring an additional 4,095,902 shares during the last quarter. Norges Bank acquired a new stake in BorgWarner in the second quarter valued at $110,234,000. Adage Capital Partners GP L.L.C. increased its holdings in BorgWarner by 233.6% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock valued at $37,196,000 after purchasing an additional 778,000 shares during the period. Electron Capital Partners LLC bought a new position in BorgWarner during the 3rd quarter worth $31,820,000. Finally, Balyasny Asset Management L.P. acquired a new position in BorgWarner during the 2nd quarter worth about $22,590,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $50.52 on Monday. The business has a 50-day moving average price of $52.73 and a two-hundred day moving average price of $46.95. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $70.08. The company has a current ratio of 2.07, a quick ratio of 1.70 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.46 billion, a P/E ratio of 40.41, a PEG ratio of 1.03 and a beta of 1.04.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.19. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the business earned $1.01 EPS. The firm’s 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. As a group, analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.17 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. BorgWarner’s payout ratio is currently 54.40%.

Insider Activity at BorgWarner

In other news, EVP Tania Wingfield sold 17,867 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $63.43, for a total transaction of $1,133,303.81. Following the transaction, the executive vice president owned 45,429 shares in the company, valued at approximately $2,881,561.47. This represents a 28.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tonit M. Calaway sold 16,000 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $65.08, for a total transaction of $1,041,280.00. Following the transaction, the executive vice president directly owned 240,251 shares in the company, valued at $15,635,535.08. This trade represents a 6.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,083 shares of company stock worth $4,638,585 over the last ninety days. 0.63% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BWA shares. New Street Research set a $66.00 price target on BorgWarner in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, January 21st. Evercore reiterated an “outperform” rating and issued a $75.00 target price on shares of BorgWarner in a report on Tuesday, February 17th. Wells Fargo & Company increased their target price on shares of BorgWarner from $52.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Bank of America started coverage on shares of BorgWarner in a report on Wednesday, March 4th. They set a “neutral” rating for the company. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.31.

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.