Sterling Capital Management LLC Sells 8,158 Shares of BorgWarner Inc. $BWA

Sterling Capital Management LLC cut its position in BorgWarner Inc. (NYSE:BWA) by 39.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,403 shares of the auto parts company’s stock after selling 8,158 shares during the quarter. Sterling Capital Management LLC’s holdings in BorgWarner were worth $673,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of BorgWarner by 119.7% in the 3rd quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock worth $330,525,000 after buying an additional 4,095,902 shares during the last quarter. Norges Bank acquired a new stake in BorgWarner in the fourth quarter valued at approximately $156,794,000. Millennium Management LLC grew its holdings in BorgWarner by 94.5% in the fourth quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock worth $94,663,000 after purchasing an additional 1,020,726 shares during the last quarter. Adage Capital Partners GP L.L.C. grew 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 worth $37,196,000 after purchasing an additional 778,000 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of BorgWarner by 831.2% during the first quarter. SG Americas Securities LLC now owns 834,699 shares of the auto parts company’s stock worth $45,291,000 after purchasing an additional 745,063 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Isabelle Mckenzie sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total value of $221,725.00. Following the completion of the transaction, the vice president owned 57,828 shares of the company’s stock, valued at approximately $3,663,403.80. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $59.26, for a total value of $1,185,200.00. Following the completion of the sale, the vice president owned 213,746 shares of the company’s stock, valued at $12,666,587.96. This trade represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 67,500 shares of company stock valued at $4,310,115 in the last quarter. Company insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on BWA shares. Morgan Stanley upped their target price on BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. UBS Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $95.00 in a research note on Wednesday, June 10th. TD Cowen upped their price objective on shares of BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on shares of BorgWarner from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $84.00 target price on shares of BorgWarner in a research report on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $74.00.

BorgWarner Stock Performance

BWA opened at $64.40 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. BorgWarner Inc. has a 12-month low of $34.27 and a 12-month high of $78.82. The firm has a 50 day moving average of $66.32 and a two-hundred day moving average of $56.85. The firm has a market capitalization of $13.21 billion, a PE ratio of 38.11, a P/E/G ratio of 1.27 and a beta of 1.09.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.16 by $0.08. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, analysts anticipate that BorgWarner Inc. will post 5.18 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 1st. BorgWarner’s dividend payout ratio (DPR) is 40.24%.

BorgWarner 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.