Callan Family Office LLC Acquires New Stake in BorgWarner Inc. $BWA

Callan Family Office LLC acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,370 shares of the auto parts company's stock, valued at approximately $1,353,000.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of BorgWarner during the second quarter valued at $1,678,187,000. AQR Capital Management LLC boosted its stake in BorgWarner by 119.7% in the 3rd quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company's stock worth $330,525,000 after purchasing an additional 4,095,902 shares in the last quarter. Norges Bank purchased a new stake in BorgWarner during the 4th quarter valued at about $156,794,000. Bank of New York Mellon Corp bought a new stake in BorgWarner during the 2nd quarter valued at about $112,292,000. Finally, Millennium Management LLC increased its stake in BorgWarner by 94.5% during the 4th quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company's stock valued at $94,663,000 after purchasing an additional 1,020,726 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays upped their target price on shares of BorgWarner from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Wells Fargo & Company raised their price target on shares of BorgWarner from $68.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, June 2nd. Robert W. Baird set a $79.00 price objective on shares of BorgWarner in a report on Thursday, August 6th. Wall Street Zen raised BorgWarner from a "hold" rating to a "buy" rating in a research report on Saturday, June 27th. Finally, Morgan Stanley increased their target price on BorgWarner from $67.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, BorgWarner has a consensus rating of "Moderate Buy" and an average price target of $75.93.

BorgWarner Price Performance

BWA opened at $67.74 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13. The stock has a market capitalization of $13.80 billion, a P/E ratio of 33.87, a P/E/G ratio of 1.22 and a beta of 1.10. The company's 50-day simple moving average is $66.34 and its two-hundred day simple moving average is $61.66. BorgWarner Inc. has a 52-week low of $40.50 and a 52-week high of $78.82.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share (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 the consensus estimate of $3.58 billion. During the same quarter last year, the firm posted $1.21 EPS. The business's quarterly revenue was up .3% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, analysts predict that BorgWarner Inc. will post 5.19 EPS for the current 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 given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner's payout ratio is 34.00%.

BorgWarner declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Rajesh Kalathur purchased 7,407 shares of the stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of $67.59 per share, with a total value of $500,639.13. Following the acquisition, the director directly owned 7,407 shares of the company's stock, valued at $500,639.13. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amy B. Kulikowski sold 2,900 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total value of $198,940.00. Following the completion of the transaction, the chief accounting officer owned 9,725 shares in the company, valued at approximately $667,135. This trade represents a 22.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source