Moon Capital Management LP Sells 46,882 Shares of BorgWarner Inc. $BWA

Moon Capital Management LP trimmed its position in BorgWarner Inc. (NYSE:BWA) by 51.3% during the third quarter, HoldingsChannel.com reports. The fund owned 44,489 shares of the auto parts company’s stock after selling 46,882 shares during the quarter. BorgWarner makes up 1.4% of Moon Capital Management LP’s portfolio, making the stock its 7th biggest position. Moon Capital Management LP’s holdings in BorgWarner were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of BorgWarner in the 2nd quarter valued at $110,234,000. AQR Capital Management LLC boosted its stake in BorgWarner by 307.1% in the second quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock valued at $114,153,000 after buying an additional 2,582,105 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position 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 acquiring an additional 778,000 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in BorgWarner during the second quarter worth about $22,590,000. Finally, Vanguard Group Inc. raised its stake in BorgWarner by 2.5% during the third quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock worth $1,212,345,000 after acquiring an additional 667,788 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Trading Down 1.3%

Shares of NYSE BWA opened at $58.16 on Tuesday. The firm has a 50 day moving average price of $50.17 and a two-hundred day moving average price of $45.68. The stock has a market cap of $12.04 billion, a P/E ratio of 46.53, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $70.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.70 and a current ratio of 2.07.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.19. The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.49 billion. BorgWarner had a net margin of 1.93% and a return on equity of 17.89%. BorgWarner’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. BorgWarner’s dividend payout ratio is presently 54.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BWA shares. UBS Group downgraded shares of BorgWarner from a “neutral” rating to a “sell” rating and raised their price target for the company from $49.00 to $55.00 in a research note on Friday. Evercore reissued an “outperform” rating and issued a $75.00 price objective on shares of BorgWarner in a research note on Tuesday, February 17th. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 target price (down previously from $52.00) on shares of BorgWarner in a research note on Thursday, January 8th. Wells Fargo & Company upped their price target on shares of BorgWarner from $52.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Hold” and an average price target of $59.14.

Insider Transactions at BorgWarner

In related news, EVP Tania Wingfield sold 17,867 shares of BorgWarner stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $63.43, for a total value of $1,133,303.81. Following the transaction, the executive vice president directly owned 45,429 shares of the company’s stock, valued at $2,881,561.47. The trade was a 28.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $65.08, for a total value of $1,041,280.00. Following the completion of the sale, the executive vice president owned 240,251 shares in the company, valued at $15,635,535.08. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 49,550 shares of company stock worth $3,156,141 over the last ninety days. 0.63% of the stock is owned by insiders.

BorgWarner Profile

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.