BorgWarner Inc. $BWA Shares Sold by Inspire Investing LLC

by · The Markets Daily

Inspire Investing LLC lowered its stake in BorgWarner Inc. (NYSE:BWAFree Report) by 23.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,460 shares of the auto parts company’s stock after selling 2,592 shares during the quarter. Inspire Investing LLC’s holdings in BorgWarner were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Trajan Wealth LLC boosted its position in BorgWarner by 4.6% during the 1st 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 during the period. Tectonic Advisors LLC boosted its position in BorgWarner by 2.3% during the 2nd quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company’s stock worth $569,000 after acquiring an additional 388 shares during the period. Farther Finance Advisors LLC boosted its position in BorgWarner by 26.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 407 shares during the period. Beverly Hills Private Wealth LLC boosted its position in BorgWarner by 5.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company’s stock worth $225,000 after acquiring an additional 421 shares during the period. Finally, Strengthening Families & Communities LLC boosted its position in BorgWarner by 14.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company’s stock worth $95,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the transaction, the director owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. The trade was a 10.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $39.31, for a total value of $589,650.00. Following the transaction, the vice president owned 234,040 shares in the company, valued at $9,200,112.40. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,272 shares of company stock valued at $1,263,318. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $42.83 on Friday. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $44.97. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 45.56, a P/E/G ratio of 1.56 and a beta of 1.09. The stock’s fifty day simple moving average is $42.88 and its 200-day simple moving average is $35.82.

BorgWarner (NYSE:BWAGet Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.56 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 31st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

BorgWarner Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWA. Wells Fargo & Company boosted their price target on BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Barclays boosted their price objective on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Wall Street Zen raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. UBS Group boosted their price objective on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Robert W. Baird raised BorgWarner from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $41.00 to $52.00 in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average price target of $44.64.

Get Our Latest Report on BWA

BorgWarner Profile

(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.

Further Reading

Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWAFree Report).