Campbell & CO Investment Adviser LLC Has $1.42 Million Holdings in BorgWarner Inc. $BWA

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in BorgWarner Inc. by 516.8% in the first quarter, owning 49,536 shares worth approximately $1.42 million.
• BorgWarner recently announced a quarterly dividend increase to $0.17 per share, up from $0.11, with a dividend yield of 1.6%.
• The company has a stock buyback program authorized for up to $1 billion, reflecting management's belief that the stock is undervalued.

Campbell & CO Investment Adviser LLC grew its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 516.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,536 shares of the auto parts company's stock after buying an additional 41,505 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in BorgWarner were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total value of $100,025.00. Following the sale, the vice president directly owned 55,945 shares in the company, valued at $2,238,359.45. This trade represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total transaction of $202,500.00. Following the completion of the sale, the vice president directly owned 229,040 shares of the company's stock, valued at $9,276,120. The trade was a 2.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,500 shares of company stock valued at $892,175. 0.63% of the stock is currently owned by company insiders.

BorgWarner Trading Up 0.6%

Shares of NYSE BWA opened at $43.3950 on Tuesday. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $43.63. The firm has a market capitalization of $9.39 billion, a P/E ratio of 46.17, a P/E/G ratio of 1.30 and a beta of 1.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. The company's 50 day simple moving average is $36.66 and its 200 day simple moving average is $32.17.

BorgWarner (NYSE:BWA - Get Free Report) last issued 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. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.56 billion. During the same quarter in the previous year, the company posted $1.19 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner declared that its board has authorized a stock buyback program on Thursday, July 31st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the auto parts company to purchase up to 13.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

BorgWarner Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.17 per share. This is a positive change from BorgWarner's previous quarterly dividend of $0.11. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. BorgWarner's payout ratio is presently 46.81%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BWA shares. Barclays reiterated an "overweight" rating and set a $45.00 price target (up previously from $42.00) on shares of BorgWarner in a research report on Wednesday, July 16th. JPMorgan Chase & Co. upped their target price on shares of BorgWarner from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen raised shares of BorgWarner from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Bank of America upped their price objective on BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, UBS Group increased their price objective on BorgWarner from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $39.64.

BorgWarner Company 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.

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