Amundi Has $19.78 Million Stock Position in BorgWarner Inc. $BWA

Amundi decreased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 42.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 711,378 shares of the auto parts company's stock after selling 522,287 shares during the period. Amundi owned approximately 0.32% of BorgWarner worth $19,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System boosted its position in shares of BorgWarner by 3.8% in the first quarter. New York State Teachers Retirement System now owns 219,180 shares of the auto parts company's stock worth $6,280,000 after buying an additional 7,977 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of BorgWarner by 13.3% in the first quarter. Avantax Advisory Services Inc. now owns 13,258 shares of the auto parts company's stock worth $380,000 after acquiring an additional 1,555 shares in the last quarter. Sage Rhino Capital LLC acquired a new position in shares of BorgWarner in the first quarter worth about $235,000. Brown Advisory Inc. acquired a new position in shares of BorgWarner in the first quarter worth about $522,000. Finally, Alpha Omega Wealth Management LLC lifted its stake in shares of BorgWarner by 59.8% in the first quarter. Alpha Omega Wealth Management LLC now owns 25,190 shares of the auto parts company's stock worth $722,000 after acquiring an additional 9,427 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Stock Performance

Shares of BWA traded down $0.53 during mid-day trading on Wednesday, reaching $43.17. 2,616,566 shares of the company's stock traded hands, compared to its average volume of 2,264,827. The stock has a market capitalization of $9.34 billion, a P/E ratio of 45.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The business's 50-day moving average price is $39.02 and its 200-day moving average price is $33.27. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $44.45.

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

BorgWarner Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. This is an increase from BorgWarner's previous quarterly dividend of $0.11. BorgWarner's dividend payout ratio is presently 72.34%.

BorgWarner announced that its board has approved a stock repurchase program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BWA. Piper Sandler boosted their price target on BorgWarner from $37.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays reiterated an "overweight" rating and issued a $45.00 price target (up previously from $42.00) on shares of BorgWarner in a research note on Wednesday, July 16th. Evercore ISI boosted their price target on BorgWarner from $38.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen upgraded BorgWarner from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Finally, UBS Group increased their target price on BorgWarner from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and an average target price of $41.21.

Insider Transactions at BorgWarner

In other news, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total value of $371,143.32. Following the transaction, the director owned 78,903 shares of the company's stock, valued at $3,338,385.93. The trade was a 10.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Isabelle Mckenzie sold 2,500 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total transaction of $100,025.00. Following the completion of the transaction, the vice president owned 55,945 shares of the company's stock, valued at approximately $2,238,359.45. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,272 shares of company stock valued at $1,263,318 in the last quarter. Insiders own 0.45% of the company's stock.

BorgWarner Profile

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.