24,995 Shares in BorgWarner Inc. $BWA Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP invested approximately $716,000 in BorgWarner Inc., acquiring nearly 25,000 shares during the first quarter, as disclosed in their 13F filing with the SEC.
• Recent insider transactions saw Vice Presidents Stefan Demmerle and Isabelle Mckenzie sell 5,000 and 2,500 shares, respectively, indicating a decline in ownership percentages.
• BorgWarner announced a new $1 billion share buyback plan and increased its quarterly dividend from $0.11 to $0.17, reflecting positive financial moves by the company.

Quantbot Technologies LP purchased a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,995 shares of the auto parts company's stock, valued at approximately $716,000.

Other large investors also recently made changes to their positions in the company. Trajan Wealth LLC grew its position in BorgWarner by 4.6% in the first 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 last quarter. Farther Finance Advisors LLC grew its position in BorgWarner by 26.1% in the first 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 last quarter. Beverly Hills Private Wealth LLC grew its position in BorgWarner by 5.7% in the first 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 last quarter. Strengthening Families & Communities LLC grew its position in BorgWarner by 14.6% in the first 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 last quarter. Finally, Janus Henderson Group PLC grew its position in BorgWarner by 0.4% in the fourth quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock worth $3,580,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented 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 research note on Tuesday, August 12th. Barclays reaffirmed an "overweight" rating and issued a $45.00 price objective (up previously from $42.00) on shares of BorgWarner in a research note on Wednesday, July 16th. Evercore ISI raised their price objective on shares of BorgWarner from $38.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company raised their price objective on shares of BorgWarner from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Bank of America lifted their target price on shares of BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.64.

Insider Buying and Selling at BorgWarner

In related news, VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction 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 completion of the sale, the vice president owned 55,945 shares of the company's stock, valued at approximately $2,238,359.45. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction 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 approximately $9,276,120. The trade was a 2.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,500 shares of company stock valued at $892,175. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Down 0.8%

Shares of BWA stock traded down $0.33 on Friday, hitting $42.59. The company's stock had a trading volume of 876,203 shares, compared to its average volume of 2,831,189. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $43.83. The firm's fifty day moving average price is $37.27 and its 200-day moving average price is $32.42. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 1.32 and a beta of 1.10.

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 (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 business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the business earned $1.19 EPS. BorgWarner's quarterly revenue was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from BorgWarner's previous quarterly dividend of $0.11. BorgWarner's dividend payout ratio (DPR) is presently 46.81%.

BorgWarner declared that its Board of Directors has approved a stock repurchase program 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 buy up to 13.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

About BorgWarner

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.