Kovitz Investment Group Partners LLC Has $239,000 Stock Position in BorgWarner Inc. $BWA

Key Points

• Kovitz Investment Group Partners LLC significantly decreased its holdings in BorgWarner Inc. by selling 124,051 shares, reducing its position by 93.7% in the first quarter.
• BorgWarner announced an increase in its quarterly dividend from $0.11 to $0.17, indicating a positive shift in financial health and a 1.6% yield for investors.
• Several analysts raised their price targets for BorgWarner, with a current average target of $39.64 and most analysts rating the stock as a "Moderate Buy".

Kovitz Investment Group Partners LLC lessened its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 93.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,337 shares of the auto parts company's stock after selling 124,051 shares during the period. Kovitz Investment Group Partners LLC's holdings in BorgWarner were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Trajan Wealth LLC increased its stake in BorgWarner by 4.6% during the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company's stock worth $229,000 after buying an additional 353 shares during the period. Farther Finance Advisors LLC increased its stake in BorgWarner by 26.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock worth $56,000 after buying an additional 407 shares during the period. Beverly Hills Private Wealth LLC increased its stake in BorgWarner by 5.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company's stock worth $225,000 after buying an additional 421 shares during the period. Strengthening Families & Communities LLC increased its stake in BorgWarner by 14.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company's stock worth $95,000 after buying an additional 421 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in BorgWarner by 0.4% during the 4th quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock worth $3,580,000 after acquiring an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 5,000 shares of the business'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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isabelle Mckenzie sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total transaction of $100,025.00. Following the sale, the vice president owned 55,945 shares in the company, valued at $2,238,359.45. This represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock worth $892,175 in the last 90 days. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of BorgWarner from $40.00 to $42.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Barclays reaffirmed an "overweight" rating and issued a $45.00 price target (up from $42.00) on shares of BorgWarner in a report on Wednesday, July 16th. Bank of America lifted their price target on shares of BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wells Fargo & Company boosted their target price on shares of BorgWarner from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, UBS Group boosted their target price on shares of BorgWarner from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $39.64.

BorgWarner Price Performance

BWA stock traded down $0.78 on Thursday, hitting $42.76. 285,945 shares of the company's stock traded hands, compared to its average volume of 2,831,472. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $43.83. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 1.32 and a beta of 1.10. The stock has a fifty day moving average of $37.08 and a 200-day moving average of $32.33. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64.

BorgWarner (NYSE:BWA - Get Free Report) last released 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. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.56 billion. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner declared that its Board of Directors has approved a share buyback plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 13.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

BorgWarner Increases Dividend

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

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.