AIA Group Ltd Sells 113,430 Shares of BorgWarner Inc. $BWA

AIA Group Ltd decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 47.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 126,357 shares of the auto parts company’s stock after selling 113,430 shares during the quarter. AIA Group Ltd’s holdings in BorgWarner were worth $6,856,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Prosperity Bancshares Inc acquired a new stake in shares of BorgWarner in the 4th quarter valued at $37,000. Sound Income Strategies LLC lifted its stake in shares of BorgWarner by 9,888.9% during the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 890 shares during the period. Torren Management LLC bought a new position in BorgWarner in the fourth quarter valued at about $48,000. Olistico Wealth LLC acquired a new stake in BorgWarner in the fourth quarter worth about $50,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in BorgWarner in the first quarter worth about $55,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWA has been the topic of a number of research reports. Barclays upped their target price on shares of BorgWarner from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Wolfe Research reiterated an “outperform” rating and set a $95.00 price target on shares of BorgWarner in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft set a $81.00 price target on shares of BorgWarner in a research note on Tuesday, April 21st. Wells Fargo & Company raised their price objective on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $95.00 in a report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.57.

Insiders Place Their Bets

In other news, EVP Tania Wingfield sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $63.24, for a total transaction of $316,200.00. Following the sale, the executive vice president owned 35,365 shares of the company’s stock, valued at $2,236,482.60. This trade represents a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the vice president owned 203,746 shares in the company, valued at $13,243,490. This trade represents a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 67,500 shares of company stock worth $4,310,115. 0.76% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $62.44 on Monday. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 1.33 and a beta of 1.09. The firm’s 50 day simple moving average is $68.07 and its 200 day simple moving average is $58.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. BorgWarner Inc. has a fifty-two week low of $34.27 and a fifty-two week high of $78.82.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, sell-side analysts forecast that BorgWarner Inc. will post 5.16 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 1st. BorgWarner’s dividend payout ratio is 40.24%.

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.