Flputnam Investment Management Co. Sells 14,550 Shares of BorgWarner Inc. $BWA

Flputnam Investment Management Co. reduced its position in BorgWarner Inc. (NYSE:BWA) by 30.7% in the third quarter, Holdings Channel.com reports. The fund owned 32,833 shares of the auto parts company’s stock after selling 14,550 shares during the period. Flputnam Investment Management Co.’s holdings in BorgWarner were worth $1,443,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BWA. Fiduciary Financial Group LLC bought a new stake in shares of BorgWarner in the 3rd quarter worth $214,000. Voya Investment Management LLC increased its holdings in BorgWarner by 5.3% in the 3rd quarter. Voya Investment Management LLC now owns 84,923 shares of the auto parts company’s stock worth $3,733,000 after buying an additional 4,299 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in BorgWarner in the 3rd quarter worth about $86,000. Chesley Taft & Associates LLC lifted its stake in BorgWarner by 13.3% during the 3rd quarter. Chesley Taft & Associates LLC now owns 10,324 shares of the auto parts company’s stock valued at $454,000 after acquiring an additional 1,211 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of BorgWarner by 20.5% during the 3rd quarter. GAMMA Investing LLC now owns 7,339 shares of the auto parts company’s stock valued at $323,000 after acquiring an additional 1,249 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on BWA. UBS Group boosted their price objective on shares of BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Barclays boosted their target price on shares of BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Finally, Zacks Research downgraded BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.46.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the sale, the vice president owned 209,040 shares in the company, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Isabelle Mckenzie sold 3,200 shares of the company’s stock in a transaction 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 represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 23,200 shares of company stock worth $1,054,336. 0.63% of the stock is owned by insiders.

BorgWarner Stock Up 1.0%

NYSE BWA opened at $45.49 on Tuesday. The stock’s 50-day moving average price is $43.72 and its 200-day moving average price is $40.65. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $46.39. The company has a market capitalization of $9.73 billion, a P/E ratio of 72.21, a price-to-earnings-growth ratio of 0.94 and a beta of 1.06.

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

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 1st. BorgWarner’s payout ratio is presently 107.94%.

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.