Bank of New York Mellon Corp Reduces Stock Position in BorgWarner Inc. $BWA

Bank of New York Mellon Corp cut its stake in BorgWarner Inc. (NYSE:BWA) by 1.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,784,363 shares of the auto parts company’s stock after selling 18,388 shares during the period. Bank of New York Mellon Corp’s holdings in BorgWarner were worth $96,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in BorgWarner by 119.7% in the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock worth $330,525,000 after purchasing an additional 4,095,902 shares during the last quarter. Norges Bank bought a new position in shares of BorgWarner during the 4th quarter valued at $156,794,000. Millennium Management LLC lifted its holdings in shares of BorgWarner by 94.5% during the 4th quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock valued at $94,663,000 after buying an additional 1,020,726 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of BorgWarner by 233.6% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock worth $37,196,000 after buying an additional 778,000 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of BorgWarner by 831.2% in the 1st 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 last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $63.24, for a total transaction of $316,200.00. Following the completion of the transaction, the executive vice president owned 35,365 shares in the company, valued at $2,236,482.60. This trade represents a 12.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the vice president directly owned 203,746 shares in the company, valued at approximately $13,243,490. The trade was a 2.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,500 shares of company stock valued at $4,310,115 over the last three months. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BWA. Deutsche Bank Aktiengesellschaft set a $81.00 price objective on BorgWarner in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their target price on BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. TD Cowen boosted their price target on BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Wolfe Research reaffirmed an “outperform” rating and set a $95.00 price target on shares of BorgWarner in a research report on Wednesday, June 3rd. Finally, Morgan Stanley increased their price target on shares of BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.57.

BorgWarner Price Performance

BWA stock opened at $61.60 on Tuesday. The company has a market capitalization of $12.63 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The company’s fifty day moving average price is $68.03 and its 200-day moving average price is $58.56. BorgWarner Inc. has a one year low of $34.27 and a one year 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.

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

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 of this dividend was Monday, June 1st. BorgWarner’s 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.