Robeco Institutional Asset Management B.V. Has $29.46 Million Holdings in BorgWarner Inc. $BWA

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in BorgWarner Inc. by 11.0%, owning approximately $29.46 million worth of shares after selling 108,471 shares in the second quarter.
• Several institutional investors have increased their stakes in BorgWarner, with Global X Japan Co. Ltd. raising holdings by 133.4% in the first quarter.
• BorgWarner recently increased its quarterly dividend from $0.11 to $0.17 and announced a new stock buyback program of $1.00 billion, indicating management's confidence in the company's undervaluation.

Robeco Institutional Asset Management B.V. lessened its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 879,853 shares of the auto parts company's stock after selling 108,471 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.40% of BorgWarner worth $29,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BWA. Global X Japan Co. Ltd. raised its holdings in shares of BorgWarner by 133.4% in the 1st 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 1st quarter worth about $30,000. Trust Co. of Vermont raised its holdings in shares of BorgWarner by 55,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company's stock worth $37,000 after acquiring an additional 1,100 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of BorgWarner by 63.5% in the 1st 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 raised its holdings in shares of BorgWarner by 123.1% in the 1st 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. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

BWA has been the subject of several analyst reports. Morgan Stanley increased their price objective on shares of BorgWarner from $40.00 to $42.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Evercore ISI increased their price objective on shares of BorgWarner from $38.00 to $42.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Piper Sandler increased their price objective on shares of BorgWarner from $37.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Baird R W upgraded shares of BorgWarner from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Finally, Barclays reiterated 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.79.

Insider Buying and Selling

In related news, VP Isabelle Mckenzie sold 2,500 shares of the firm'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 value of $100,025.00. Following the completion of the transaction, the vice president directly owned 55,945 shares of the company's stock, valued at approximately $2,238,359.45. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total transaction of $589,650.00. Following the completion of the transaction, the vice president directly owned 234,040 shares of the company's stock, valued at approximately $9,200,112.40. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,272 shares of company stock valued at $1,263,318. Company insiders own 0.45% of the company's stock.

BorgWarner Stock Up 0.8%

BorgWarner stock opened at $44.77 on Friday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.90. The firm has a 50 day moving average price of $41.91 and a 200-day moving average price of $35.00. The company has a market capitalization of $9.69 billion, a P/E ratio of 47.62, a P/E/G ratio of 1.46 and a beta of 1.09. The company has a quick ratio of 1.66, a current ratio of 2.02 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.15. BorgWarner had a net margin of 1.50% and a return on equity of 16.17%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the prior year, the firm earned $1.19 EPS. The company's 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. As a group, equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $0.17 dividend. This is a boost from BorgWarner's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.68 annualized dividend and a yield of 1.5%. BorgWarner's payout ratio is 72.34%.

BorgWarner declared that its board has approved a stock buyback program on Thursday, July 31st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to purchase up to 13.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are 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.

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