Citizens Financial Group Inc. RI Takes $2.54 Million Position in BorgWarner Inc. $BWA

Citizens Financial Group Inc. RI purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,315 shares of the auto parts company’s stock, valued at approximately $2,544,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWA. Acadian Asset Management LLC raised its position in BorgWarner by 23.7% during 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 purchased a new position in shares of BorgWarner during the second quarter valued at $339,000. EverSource Wealth Advisors LLC increased its stake in shares of BorgWarner by 400.5% during the second quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock valued at $185,000 after buying an additional 4,426 shares during the period. Marshall Wace LLP bought a new stake in shares of BorgWarner in the second quarter valued at about $247,000. Finally, Cerity Partners LLC raised its holdings in shares of BorgWarner by 30.2% in the second quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock valued at $4,816,000 after acquiring an additional 33,362 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA stock opened at $69.98 on Tuesday. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.24 and a beta of 1.10. The firm has a 50-day simple moving average of $66.90 and a two-hundred day simple moving average of $61.14. BorgWarner Inc. has a one year low of $40.50 and a one year high of $78.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, equities analysts forecast that BorgWarner Inc. will post 5.19 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s payout ratio is currently 34.00%.

BorgWarner announced that its board has authorized a share buyback program on Wednesday, August 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

BWA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $80.00 target price on shares of BorgWarner in a report on Thursday, August 6th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a research report on Wednesday, June 3rd. Morgan Stanley increased their price objective on shares of BorgWarner from $67.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $61.00 to $95.00 in a report on Wednesday, June 10th. Finally, Weiss Ratings upgraded BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $75.93.

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.