Logan Capital Management Inc. Raises Stock Holdings in BorgWarner Inc. $BWA

Logan Capital Management Inc. grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 49.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,076 shares of the auto parts company’s stock after buying an additional 6,000 shares during the period. Logan Capital Management Inc.’s holdings in BorgWarner were worth $605,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its holdings in BorgWarner by 3.8% during the 1st quarter. New York State Teachers Retirement System now owns 219,180 shares of the auto parts company’s stock worth $6,280,000 after buying an additional 7,977 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in BorgWarner by 13.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,258 shares of the auto parts company’s stock worth $380,000 after buying an additional 1,555 shares during the last quarter. Sage Rhino Capital LLC bought a new position in BorgWarner during the 1st quarter worth approximately $235,000. Pallas Capital Advisors LLC bought a new position in BorgWarner during the 2nd quarter worth approximately $567,000. Finally, Brown Advisory Inc. bought a new position in BorgWarner during the 1st quarter worth approximately $522,000. Institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In related news, Director Alexis P. Michas sold 8,772 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total value of $371,143.32. Following the sale, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. This trade represents a 10.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $40.50, for a total value of $202,500.00. Following the completion of the sale, the vice president owned 229,040 shares in the company, valued at approximately $9,276,120. This represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,272 shares of company stock worth $1,263,318 in the last three months. 0.63% of the stock is owned by company insiders.

BorgWarner Stock Up 0.6%

Shares of BorgWarner stock opened at $43.58 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $43.32 and its 200-day simple moving average is $36.90. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 1.60 and a beta of 1.09. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.97.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period last year, the firm earned $1.19 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. 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 year.

BorgWarner announced that its board has approved a stock repurchase 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 repurchase up to 13.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research analyst reports. Barclays increased their target price on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, October 8th. UBS Group increased their price target on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Piper Sandler increased their price target on BorgWarner from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.21.

BorgWarner 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.