Bank of New York Mellon Corp Acquires New Stake in BorgWarner Inc. $BWA

Bank of New York Mellon Corp bought a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,691,149 shares of the auto parts company's stock, valued at approximately $112,292,000. Bank of New York Mellon Corp owned approximately 0.82% of BorgWarner at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC acquired a new stake in shares of BorgWarner in the second quarter valued at $1,081,000. State of Wyoming acquired a new position in BorgWarner during the second quarter worth about $848,000. GSA Capital Partners LLP bought a new stake in BorgWarner in the second quarter worth about $404,000. One Wealth Advisors LLC acquired a new stake in BorgWarner in the 2nd quarter valued at about $305,000. Finally, Clearstead Trust LLC acquired a new stake in BorgWarner in the 2nd quarter valued at about $28,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BWA shares. Deutsche Bank Aktiengesellschaft set a $80.00 target price on shares of BorgWarner in a report on Thursday, August 6th. Barclays increased their price objective on BorgWarner from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Sanford C. Bernstein raised BorgWarner to a "buy" rating in a research note on Wednesday, June 10th. Wells Fargo & Company lifted their target price on BorgWarner from $68.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, June 2nd. Finally, Robert W. Baird set a $79.00 target price on BorgWarner in a research report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $75.93.

BorgWarner Stock Down 5.1%

NYSE:BWA opened at $64.33 on Tuesday. The business's fifty day moving average price is $66.16 and its 200 day moving average price is $61.77. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.22 and a beta of 1.10. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. BorgWarner Inc. has a 1-year low of $40.50 and a 1-year high of $78.82.

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

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. BorgWarner's dividend payout ratio (DPR) is 34.00%.

BorgWarner announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the auto parts company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at BorgWarner

In other news, Director Rajesh Kalathur acquired 7,407 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average cost of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the acquisition, the director owned 7,407 shares in the company, valued at approximately $500,639.13. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy B. Kulikowski sold 2,900 shares of BorgWarner stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total value of $198,940.00. Following the sale, the chief accounting officer directly owned 9,725 shares of the company's stock, valued at approximately $667,135. The trade was a 22.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.76% of the company's stock.

BorgWarner Company 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.

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