Ritholtz Wealth Management Purchases 26,983 Shares of BorgWarner Inc. $BWA

Key Points

• Ritholtz Wealth Management increased its stake in BorgWarner by 116.8%, buying 26,983 shares to hold 50,092 shares valued at about $2.257 million at the end of the quarter.
• Company insiders have been net sellers — EVP Paul Farrell sold 12,012 shares and VP Isabelle McKenzie sold 2,458, with insiders offloading 78,083 shares (≈$4.64M) over the last 90 days and now owning just 0.76% of the stock.
• Analyst moves include Goldman Sachs raising its target from $54 to $78 and issuing a Buy, while the consensus rating is a "Moderate Buy" with a target of $63.23.

Ritholtz Wealth Management grew its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 116.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,092 shares of the auto parts company's stock after buying an additional 26,983 shares during the period. Ritholtz Wealth Management's holdings in BorgWarner were worth $2,257,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of BorgWarner in the 3rd quarter valued at about $27,000. Mather Group LLC. acquired a new stake in BorgWarner in the 3rd quarter worth approximately $41,000. Sound Income Strategies LLC boosted its stake in BorgWarner by 9,888.9% in the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company's stock worth $42,000 after purchasing an additional 890 shares in the last quarter. Olistico Wealth LLC acquired a new stake in BorgWarner in the 4th quarter worth approximately $50,000. Finally, Quent Capital LLC acquired a new stake in BorgWarner in the 3rd quarter worth approximately $55,000. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BorgWarner

In other news, EVP Paul Arthur Farrell sold 12,012 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $52.31, for a total transaction of $628,347.72. Following the sale, the executive vice president owned 38,238 shares of the company's stock, valued at $2,000,229.78. This trade represents a 23.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isabelle Mckenzie sold 2,458 shares of BorgWarner stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $61.54, for a total transaction of $151,265.32. Following the completion of the sale, the vice president directly owned 66,351 shares in the company, valued at $4,083,240.54. This represents a 3.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 78,083 shares of company stock worth $4,638,585. 0.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of BorgWarner in a research note on Wednesday, January 21st. Bank of America assumed coverage on shares of BorgWarner in a research note on Wednesday, March 4th. They issued a "neutral" rating for the company. The Goldman Sachs Group lifted their target price on shares of BorgWarner from $54.00 to $78.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Wells Fargo & Company lowered their target price on shares of BorgWarner to $68.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. Finally, TD Cowen reiterated a "hold" rating on shares of BorgWarner in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $63.23.

BorgWarner Price Performance

Shares of NYSE BWA opened at $54.50 on Monday. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 43.60, a PEG ratio of 1.11 and a beta of 1.04. BorgWarner Inc. has a 12 month low of $25.35 and a 12 month high of $70.08. The firm's 50 day simple moving average is $55.04 and its 200-day simple moving average is $48.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.70.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.19. The business had revenue of $3.57 billion for the quarter, compared to analysts' expectations of $3.49 billion. BorgWarner had a net margin of 1.93% and a return on equity of 17.89%. The business's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. BorgWarner's dividend payout ratio (DPR) is presently 54.40%.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company's product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.

Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.