Assenagon Asset Management S.A. Takes Position in BorgWarner Inc. $BWA

Assenagon Asset Management S.A. bought a new position in shares of BorgWarner Inc. (NYSE:BWA) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 64,304 shares of the auto parts company’s stock, valued at approximately $3,489,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake 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 valued at $330,525,000 after acquiring an additional 4,095,902 shares during the last quarter. Norges Bank acquired a new position in BorgWarner during the fourth quarter worth approximately $156,794,000. Millennium Management LLC increased its position in BorgWarner by 94.5% during the fourth quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock worth $94,663,000 after buying an additional 1,020,726 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in BorgWarner by 233.6% in 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 position in shares of BorgWarner by 831.2% in the first quarter. SG Americas Securities LLC now owns 834,699 shares of the auto parts company’s stock valued at $45,291,000 after buying an additional 745,063 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BWA shares. TD Cowen lifted their target price on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Sanford C. Bernstein upgraded BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BorgWarner in a report on Monday, April 20th. Wall Street Zen upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company raised their target price on shares of BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $74.00.

BorgWarner Stock Down 3.2%

BWA stock opened at $65.94 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 1.30 and a beta of 1.07. The business’s fifty day moving average price is $65.93 and its two-hundred day moving average price is $56.56. BorgWarner Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $78.82.

BorgWarner (NYSE:BWA) last announced its 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. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the business posted $1.11 earnings per share. BorgWarner’s quarterly revenue was up .5% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, equities analysts anticipate that BorgWarner Inc. will post 5.18 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 1st. BorgWarner’s dividend payout ratio is presently 40.24%.

Insider Buying and Selling at BorgWarner

In other news, CEO Joseph F. Fadool sold 29,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total value of $1,951,990.00. Following the completion of the sale, the chief executive officer directly owned 405,964 shares in the company, valued at approximately $27,325,436.84. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tania Wingfield sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the sale, the executive vice president owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. This trade represents a 12.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 67,500 shares of company stock valued at $4,310,115 over the last ninety days. Company insiders own 0.76% of the company’s stock.

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.