Dynamic Technology Lab Private Ltd Purchases Shares of 26,890 BorgWarner Inc. $BWA

by · The Cerbat Gem

Dynamic Technology Lab Private Ltd acquired a new position in BorgWarner Inc. (NYSE:BWAFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,890 shares of the auto parts company’s stock, valued at approximately $900,000.

A number of other large investors also recently modified their holdings of the company. Blackston Financial Advisory Group LLC lifted its position in BorgWarner by 3.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock worth $267,000 after buying an additional 265 shares during the last quarter. Trajan Wealth LLC raised its stake in shares of BorgWarner by 4.6% during the first quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock worth $229,000 after acquiring an additional 353 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 364 shares during the last quarter. Tectonic Advisors LLC boosted its stake in shares of BorgWarner by 2.3% in the 2nd quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock valued at $569,000 after purchasing an additional 388 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in shares of BorgWarner by 14.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company’s stock valued at $95,000 after purchasing an additional 421 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Isabelle Mckenzie sold 3,200 shares of BorgWarner stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the sale, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the transaction, the vice president directly owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This represents a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 31,972 shares of company stock worth $1,425,479. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BWA. Zacks Research downgraded shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Piper Sandler boosted their target price on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group raised their price target on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Barclays boosted their price objective on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.85.

Check Out Our Latest Research Report on BWA

BorgWarner Price Performance

Shares of BorgWarner stock opened at $42.94 on Friday. The business has a 50 day moving average of $43.61 and a 200 day moving average of $38.90. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $46.39. The company has a market cap of $9.19 billion, a PE ratio of 45.68, a P/E/G ratio of 1.58 and a beta of 1.06. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

BorgWarner (NYSE:BWAGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 31st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to repurchase up to 13.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. BorgWarner’s payout ratio is presently 107.94%.

About BorgWarner

(Free Report)

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.

See Also

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