SummitTX Capital L.P. Purchases Shares of 39,636 BorgWarner Inc. $BWA

SummitTX Capital L.P. purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the 1st quarter, Holdings Channel.com reports. The fund purchased 39,636 shares of the auto parts company’s stock, valued at approximately $2,151,000.

Several other hedge funds have also made changes to their positions in the business. Acadian Asset Management LLC grew its position in shares of BorgWarner by 23.7% in the first 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 during the period. Sivia Capital Partners LLC acquired a new position in BorgWarner in the second quarter valued at $339,000. EverSource Wealth Advisors LLC lifted its position in BorgWarner by 400.5% during the second quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock worth $185,000 after buying an additional 4,426 shares during the period. Marshall Wace LLP purchased a new position in BorgWarner during the second quarter worth about $247,000. Finally, Cerity Partners LLC boosted its stake in BorgWarner by 30.2% in the 2nd quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock worth $4,816,000 after buying an additional 33,362 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In related news, CEO Joseph F. Fadool sold 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total value of $1,951,990.00. Following the transaction, the chief executive officer owned 405,964 shares in the company, valued at approximately $27,325,436.84. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the vice president directly owned 203,746 shares in the company, valued at approximately $13,243,490. This trade represents a 2.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,500 shares of company stock worth $4,310,115 over the last 90 days. Company insiders own 0.76% of the company’s stock.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $63.19 on Wednesday. The business’s fifty day moving average price is $68.02 and its 200 day moving average price is $59.29. BorgWarner Inc. has a twelve month low of $34.27 and a twelve month high of $78.82. The company has a current ratio of 2.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $12.96 billion, a P/E ratio of 37.39, a PEG ratio of 1.36 and a beta of 1.09.

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

Wall Street Analyst Weigh In

Several analysts have commented on BWA shares. Wolfe Research restated an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $81.00 target price on shares of BorgWarner in a research report on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $84.00 price target 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.57.

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.