Corient Private Wealth LP Purchases 17,629 Shares of BorgWarner Inc. $BWA

Key Points

• Corient Private Wealth increased its BorgWarner position by 88.6% in the second quarter, acquiring 17,629 additional shares and bringing its holdings to 37,530 shares valued at approximately $2.49 million.
• BorgWarner exceeded quarterly earnings and revenue expectations, reporting $1.42 in EPS and $3.65 billion in revenue. The company also authorized a $1 billion share-repurchase program, equivalent to up to 7.7% of outstanding shares.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $78.86 versus a reported share price of $60.92; BorgWarner also pays a quarterly dividend of $0.17, yielding about 1.1% annually.

Corient Private Wealth LP lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 88.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,530 shares of the auto parts company's stock after buying an additional 17,629 shares during the quarter. Corient Private Wealth LP's holdings in BorgWarner were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenleaf Trust lifted its holdings in shares of BorgWarner by 5.2% during the second quarter. Greenleaf Trust now owns 3,977 shares of the auto parts company's stock worth $264,000 after buying an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of BorgWarner by 3.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,064 shares of the auto parts company's stock worth $383,000 after acquiring an additional 216 shares during the last quarter. Ariadne Wealth Management LP increased its position in BorgWarner by 3.8% during the first quarter. Ariadne Wealth Management LP now owns 5,958 shares of the auto parts company's stock worth $323,000 after acquiring an additional 218 shares during the period. NewEdge Advisors LLC raised its stake in BorgWarner by 2.2% during the 1st quarter. NewEdge Advisors LLC now owns 10,293 shares of the auto parts company's stock valued at $558,000 after purchasing an additional 220 shares during the last quarter. Finally, Evolve Private Wealth LLC raised its stake in BorgWarner by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 14,916 shares of the auto parts company's stock valued at $809,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $60.92 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.76. The firm has a 50 day simple moving average of $65.07 and a 200 day simple moving average of $62.75. BorgWarner Inc. has a fifty-two week low of $40.50 and a fifty-two week high of $78.82. The firm has a market cap of $12.41 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.14 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.14. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The firm's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Sell-side analysts predict that BorgWarner Inc. will post 5.2 earnings per share for the current fiscal year.

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

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. BorgWarner's dividend payout ratio (DPR) is currently 34.00%.

Insider Buying and Selling

In related news, Director Rajesh Kalathur bought 7,407 shares of BorgWarner stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price 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. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Hanley sold 5,000 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $65.51, for a total value of $327,550.00. Following the transaction, the director owned 34,313 shares of the company's stock, valued at $2,247,844.63. The trade was a 12.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BWA. Robert W. Baird set a $79.00 price objective on BorgWarner in a report on Thursday, August 6th. Wells Fargo & Company upped their target price on shares of BorgWarner from $68.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, June 2nd. TD Cowen increased their price target on shares of BorgWarner from $67.00 to $68.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. UBS Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and raised their price target for the stock from $61.00 to $95.00 in a research note on Wednesday, June 10th. Finally, Morgan Stanley lifted their price objective on BorgWarner from $67.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.86.

About BorgWarner

BorgWarner Inc NYSE: BWA is a global automotive technology company headquartered in Auburn Hills, Michigan. The company develops and supplies propulsion and drivetrain systems for passenger vehicles, commercial vehicles and off-highway applications, serving automakers and other transportation manufacturers worldwide.

Its product portfolio includes turbochargers, transmission systems, dual-clutch modules, four-wheel-drive systems, emissions technologies, and components for hybrid and internal-combustion vehicles.

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