BorgWarner Inc. $BWA Shares Sold by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd lowered its stake in BorgWarner Inc. (NYSE:BWA) by 3.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 351,800 shares of the auto parts company’s stock after selling 11,600 shares during the quarter. BorgWarner makes up about 10.4% of Quantedge Capital Pte Ltd’s holdings, making the stock its 3rd biggest position. Quantedge Capital Pte Ltd owned about 0.17% of BorgWarner worth $19,089,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Prosperity Bancshares Inc acquired a new position in shares of BorgWarner in the fourth quarter worth $37,000. Sound Income Strategies LLC boosted its stake in shares of BorgWarner by 9,888.9% during the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 890 shares during the last quarter. Torren Management LLC purchased a new stake in BorgWarner during the 4th quarter worth about $48,000. Olistico Wealth LLC purchased a new stake in BorgWarner during the 4th quarter worth about $50,000. Finally, Cedar Mountain Advisors LLC acquired a new position in BorgWarner in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BWA shares. TD Cowen upped their target price 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. lifted their price target on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $61.00 to $95.00 in a research note on Wednesday, June 10th. Wells Fargo & Company raised their target price on shares of BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of BorgWarner in a research note on Thursday, June 11th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.57.

BorgWarner Stock Up 3.2%

Shares of NYSE:BWA opened at $63.60 on Wednesday. The stock’s 50-day moving average price is $68.03 and its two-hundred day moving average price is $58.69. 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 market cap of $13.05 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.32 and a beta of 1.09.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, research analysts forecast that BorgWarner Inc. will post 5.16 EPS for the current year.

BorgWarner Announces Dividend

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

Insider Activity at BorgWarner

In other news, VP Isabelle Mckenzie sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total transaction of $221,725.00. Following the completion of the sale, the vice president directly owned 57,828 shares in the company, valued at $3,663,403.80. This represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 20,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $59.26, for a total value of $1,185,200.00. Following the completion of the transaction, the vice president directly owned 213,746 shares in the company, 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. In the last ninety days, insiders sold 67,500 shares of company stock worth $4,310,115. Company insiders own 0.76% of the company’s stock.

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.