Ariel Investments LLC Sells 621,015 Shares of BorgWarner Inc. $BWA

Ariel Investments LLC decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 90.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 64,987 shares of the auto parts company’s stock after selling 621,015 shares during the period. Ariel Investments LLC’s holdings in BorgWarner were worth $2,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of BorgWarner during the 2nd quarter worth approximately $110,234,000. Millennium Management LLC increased its stake in BorgWarner by 144.7% in the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock worth $57,579,000 after purchasing an additional 1,188,466 shares during the period. Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of BorgWarner during the first quarter worth $28,989,000. Public Sector Pension Investment Board boosted its stake in shares of BorgWarner by 1,121.2% during the first quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock valued at $19,870,000 after purchasing an additional 636,757 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of BorgWarner in the first quarter worth about $16,488,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the vice president owned 204,040 shares of the company’s stock, valued at $9,385,840. The trade was a 2.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the transaction, the vice president owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. This trade represents a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,200 shares of company stock worth $1,054,336 over the last 90 days. Company insiders own 0.63% of the company’s stock.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $42.07 on Wednesday. The firm has a 50 day moving average of $43.41 and a 200 day moving average of $39.90. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 66.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $46.39.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. BorgWarner’s dividend payout ratio is presently 107.94%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BWA shares. Wells Fargo & Company decreased their price objective on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday. Baird R W raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group lifted their price target on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 29th. UBS Group increased their price objective on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Zacks Research lowered BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.46.

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.