Bessemer Group Inc. Acquires 39,787 Shares of BorgWarner Inc. $BWA

Bessemer Group Inc. raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 19.8% during the first quarter, HoldingsChannel reports. The firm owned 241,173 shares of the auto parts company’s stock after buying an additional 39,787 shares during the quarter. Bessemer Group Inc.’s holdings in BorgWarner were worth $13,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of BorgWarner by 119.7% during the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after buying an additional 4,095,902 shares during the last quarter. Norges Bank purchased a new stake in shares of BorgWarner in the fourth quarter valued at approximately $156,794,000. Millennium Management LLC raised its holdings in shares of BorgWarner by 94.5% in the fourth quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock valued at $94,663,000 after acquiring an additional 1,020,726 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in BorgWarner by 233.6% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock valued at $37,196,000 after buying an additional 778,000 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in BorgWarner by 831.2% during the first quarter. SG Americas Securities LLC now owns 834,699 shares of the auto parts company’s stock worth $45,291,000 after buying an additional 745,063 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

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

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

BorgWarner Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. BorgWarner’s dividend payout ratio (DPR) is currently 40.24%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen increased their target price on BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Wolfe Research reissued an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a research report on Wednesday, June 3rd. Sanford C. Bernstein upgraded BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. UBS Group raised BorgWarner from a “neutral” rating to a “buy” rating and raised their price objective for the company from $61.00 to $95.00 in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lifted their target price on BorgWarner from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $74.57.

Insider Activity at BorgWarner

In other news, EVP Tania Wingfield sold 5,000 shares of BorgWarner stock in a transaction on Monday, May 11th. The shares were sold at an average price of $63.24, for a total transaction of $316,200.00. Following the completion of the sale, the executive vice president directly owned 35,365 shares in the company, valued at approximately $2,236,482.60. The trade was a 12.39% 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, CEO Joseph F. Fadool sold 29,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the sale, the chief executive officer directly owned 405,964 shares in the company, valued at $27,325,436.84. This trade represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 67,500 shares of company stock worth $4,310,115. Corporate insiders own 0.76% of the company’s stock.

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.