Assenagon Asset Management S.A. Sells 18,417 Shares of BorgWarner Inc. $BWA

Key Points

• Assenagon Asset Management cut its BorgWarner stake by 28.6%, selling 18,417 shares and retaining 45,887 shares valued at approximately $3.05 million. Institutional investors collectively own 95.67% of the company.
• BorgWarner exceeded quarterly expectations, reporting $1.42 in adjusted EPS versus the $1.28 consensus and $3.65 billion in revenue. The company issued fiscal 2026 EPS guidance of $5.05–$5.30.
• The board authorized a $1 billion share repurchase program, covering up to 7.7% of outstanding shares, while maintaining a quarterly dividend of $0.17 per share. Analysts have a “Moderate Buy” consensus rating and an average price target of $75.93.

Assenagon Asset Management S.A. reduced its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 28.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,887 shares of the auto parts company's stock after selling 18,417 shares during the period. Assenagon Asset Management S.A.'s holdings in BorgWarner were worth $3,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWA. Prosperity Bancshares Inc bought a new stake in BorgWarner in the 4th quarter worth $37,000. Torren Management LLC bought a new position in shares of BorgWarner during the fourth quarter valued at about $48,000. Cedar Mountain Advisors LLC bought a new position in shares of BorgWarner during the first quarter valued at about $55,000. Grove Bank & Trust boosted its holdings in shares of BorgWarner by 4,304.3% during the second quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company's stock worth $67,000 after purchasing an additional 990 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of BorgWarner by 28.1% during the fourth quarter. UMB Bank n.a. now owns 1,709 shares of the auto parts company's stock worth $77,000 after purchasing an additional 375 shares during the period. Institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

BWA opened at $67.83 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. The stock has a fifty day simple moving average of $67.10 and a two-hundred day simple moving average of $60.84. BorgWarner Inc. has a 12-month low of $40.50 and a 12-month high of $78.82.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.14. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The firm had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The company's quarterly revenue was up .3% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Research analysts predict that BorgWarner Inc. will post 5.19 earnings per share for the current fiscal year.

BorgWarner announced that its board has approved a stock buyback program on Wednesday, August 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

BorgWarner Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on BWA shares. Wall Street Zen upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Saturday, June 27th. Weiss Ratings upgraded BorgWarner from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on BorgWarner in a research report on Thursday, August 6th. Barclays boosted their target price on BorgWarner from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Sanford C. Bernstein raised BorgWarner to a "buy" rating in a research note on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.

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