JPMorgan Chase & Co. Trims Holdings in BorgWarner Inc. $BWA

JPMorgan Chase & Co. decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 43.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 659,646 shares of the auto parts company’s stock after selling 498,302 shares during the period. JPMorgan Chase & Co.’s holdings in BorgWarner were worth $28,998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWA. Root Financial Partners LLC acquired a new stake in BorgWarner during the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of BorgWarner in the second quarter valued at approximately $32,000. Mather Group LLC. purchased a new stake in shares of BorgWarner during the third quarter worth approximately $41,000. Quent Capital LLC purchased a new stake in shares of BorgWarner during the third quarter worth approximately $55,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of BorgWarner by 32.7% during the third quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 362 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

NYSE:BWA opened at $52.12 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.70 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $10.79 billion, a P/E ratio of 41.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.04. The firm has a 50-day moving average price of $53.19 and a two-hundred day moving average price of $47.28. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $70.08.

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

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.68 annualized dividend and a yield of 1.3%. BorgWarner’s dividend payout ratio is 54.40%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of BorgWarner in a report on Thursday, February 12th. New Street Research set a $66.00 price target on shares of BorgWarner in a report on Thursday, February 12th. Barclays lifted their price objective on BorgWarner from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Piper Sandler reiterated a “neutral” rating and set a $51.00 target price (down from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.42.

Insider Activity

In related news, VP Stefan Demmerle sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $53.03, for a total value of $132,575.00. Following the transaction, the vice president owned 233,746 shares in the company, valued at approximately $12,395,550.38. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 17,867 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $63.43, for a total transaction of $1,133,303.81. Following the completion of the transaction, the executive vice president directly owned 45,429 shares in the company, valued at approximately $2,881,561.47. This represents a 28.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 78,083 shares of company stock valued at $4,638,585 in the last ninety days. 0.45% of the stock is owned by company insiders.

About BorgWarner

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.