Deprince Race & Zollo Inc. Has $61.62 Million Holdings in BorgWarner Inc. $BWA

Deprince Race & Zollo Inc. trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 1.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,401,757 shares of the auto parts company’s stock after selling 18,917 shares during the period. BorgWarner comprises about 1.2% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 16th biggest holding. Deprince Race & Zollo Inc.’s holdings in BorgWarner were worth $61,621,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in BorgWarner by 1,133.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 714 shares during the last quarter. Assetmark Inc. lifted its stake in shares of BorgWarner by 81.8% in the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after buying an additional 364 shares during the last quarter. Addison Advisors LLC boosted its holdings in shares of BorgWarner by 1,647.8% during the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after buying an additional 758 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in BorgWarner in the 2nd quarter valued at $32,000. Finally, Trust Co. of Vermont raised its holdings in 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 period. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BorgWarner news, 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 value of $141,536.00. Following the sale, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the transaction, the vice president directly owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. The trade was a 6.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 23,200 shares of company stock valued at $1,054,336. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWA. JPMorgan Chase & Co. boosted their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. The Goldman Sachs Group upped their price target on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $49.00 target price (up previously from $42.00) on shares of BorgWarner in a research report on Monday, December 8th. Finally, UBS Group increased their price target on shares of BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $46.46.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $45.62 on Friday. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 72.41, a PEG ratio of 0.95 and a beta of 1.06. BorgWarner Inc. has a one year low of $24.40 and a one year high of $46.39. The business has a fifty day simple moving average of $43.97 and a 200 day simple moving average of $40.95. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63.

BorgWarner (NYSE:BWA) last announced its quarterly 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 firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The business’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 posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Sell-side analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid 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 dividend payout ratio is currently 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.