Caxton Associates LLP Acquires Shares of 28,394 BorgWarner Inc. $BWA

Key Points

• Caxton Associates LLP has acquired 28,394 shares of BorgWarner Inc. valued at approximately $813,000, indicating growing institutional interest in the auto parts company.
• BorgWarner has announced a quarterly dividend increase from $0.11 to $0.17 per share, with a payout scheduled for September 15th, reflecting its strong financial performance.
• Analysts have adjusted their ratings for BorgWarner, with Robert W. Baird upgrading the stock to "outperform" and raising the price target from $41 to $52, signaling bullish sentiment.

Caxton Associates LLP acquired a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,394 shares of the auto parts company's stock, valued at approximately $813,000.

Other institutional investors also recently bought and sold shares of the company. Global X Japan Co. Ltd. boosted its stake in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after acquiring an additional 523 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of BorgWarner in the first quarter worth approximately $30,000. LRI Investments LLC boosted its stake in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after acquiring an additional 909 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company's stock worth $40,000 after acquiring an additional 539 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock worth $41,000 after acquiring an additional 793 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

NYSE BWA opened at $43.17 on Thursday. The stock's fifty day moving average is $39.02 and its two-hundred day moving average is $33.27. The firm 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. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $44.45.

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

BorgWarner Increases Dividend

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

BorgWarner announced that its board has initiated a stock buyback plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to reacquire up to 13.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWA. Robert W. Baird raised BorgWarner from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $41.00 to $52.00 in a research note on Wednesday, September 3rd. UBS Group lifted their price target on BorgWarner from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Bank of America lowered BorgWarner from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $41.00 to $46.00 in a research note on Wednesday. Baird R W raised BorgWarner from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Finally, Piper Sandler boosted their price objective on BorgWarner from $37.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.21.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $40.50, for a total value of $202,500.00. Following the sale, the vice president owned 229,040 shares in the company, valued at $9,276,120. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction 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 completion of the sale, the director owned 78,903 shares in the company, valued at $3,338,385.93. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,272 shares of company stock worth $1,263,318 over the last quarter. 0.45% of the stock is currently owned by company insiders.

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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