BorgWarner Inc. $BWA Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in BorgWarner Inc. (NYSE:BWA) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,311,787 shares of the auto parts company’s stock after selling 84,789 shares during the quarter. Hsbc Holdings PLC owned approximately 0.60% of BorgWarner worth $37,310,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Global X Japan Co. Ltd. increased its position in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after buying an additional 523 shares in the last quarter. LRI Investments LLC increased its position in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after buying an additional 909 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in shares of BorgWarner in the first quarter valued at approximately $30,000. Meeder Asset Management Inc. increased its position in shares of BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after buying an additional 539 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after buying an additional 793 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total transaction of $589,650.00. Following the transaction, the vice president owned 234,040 shares of the company’s stock, valued at approximately $9,200,112.40. The trade was a 6.02% 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, VP Isabelle Mckenzie sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total value of $100,025.00. Following the transaction, the vice president directly owned 55,945 shares in the company, valued at $2,238,359.45. This trade represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock worth $892,175 in the last three months. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BWA shares. Piper Sandler boosted their price objective on BorgWarner from $37.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Robert W. Baird boosted their price objective on BorgWarner from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Bank of America boosted their price target on BorgWarner from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Finally, Evercore ISI boosted their price target on BorgWarner from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $39.64.

BorgWarner Stock Up 3.0%

Shares of BWA opened at $43.0950 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. BorgWarner Inc. has a one year low of $24.40 and a one year high of $43.16. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 1.26 and a beta of 1.10. The stock has a 50 day moving average price of $36.46 and a 200 day moving average price of $32.06.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.56 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner declared that its Board of Directors has approved a stock buyback plan on Thursday, July 31st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 13.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

BorgWarner Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. BorgWarner’s payout ratio is 46.81%.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.