Traub Capital Management LLC Purchases Shares of 9,743 BorgWarner Inc. $BWA

Traub Capital Management LLC bought a new position in BorgWarner Inc. (NYSE:BWA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,743 shares of the auto parts company’s stock, valued at approximately $326,000.

Several other hedge funds have also modified their holdings of the stock. LSV Asset Management raised its holdings in BorgWarner by 36.7% during the 1st quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock worth $168,722,000 after buying an additional 1,580,935 shares during the period. Millennium Management LLC raised its holdings in shares of BorgWarner by 144.7% during the first quarter. Millennium Management LLC now owns 2,009,744 shares of the auto parts company’s stock valued at $57,579,000 after acquiring an additional 1,188,466 shares during the period. Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of BorgWarner in the 1st quarter valued at approximately $28,989,000. Public Sector Pension Investment Board grew its position in BorgWarner by 1,121.2% during the 1st quarter. Public Sector Pension Investment Board now owns 693,551 shares of the auto parts company’s stock worth $19,870,000 after purchasing an additional 636,757 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in BorgWarner during the 1st quarter valued at $16,488,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BWA has been the subject of several recent analyst reports. Barclays raised their target price on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. UBS Group lifted their target price on BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Zacks Research downgraded BorgWarner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Robert W. Baird set a $54.00 price target on shares of BorgWarner in a report on Friday, October 31st. Finally, Evercore ISI boosted their price objective on shares of BorgWarner from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.85.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the transaction, the vice president owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexis P. Michas sold 8,772 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the sale, the director directly owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. This represents a 10.01% 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 31,972 shares of company stock worth $1,425,479 over the last 90 days. Insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $43.56 on Wednesday. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $46.39. The stock’s 50-day moving average is $43.70 and its two-hundred day moving average is $38.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. The firm has a market cap of $9.32 billion, a P/E ratio of 46.34, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. BorgWarner’s dividend payout ratio is presently 107.94%.

BorgWarner announced that its Board of Directors has initiated 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 purchase up to 13.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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.