BorgWarner Inc. $BWA Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 29.6% in the 1st quarter, Holdings Channel reports. The firm owned 174,514 shares of the auto parts company’s stock after selling 73,280 shares during the quarter. Royal Bank of Canada’s holdings in BorgWarner were worth $9,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of BWA. Prosperity Bancshares Inc bought a new position in shares of BorgWarner in the 4th quarter worth about $37,000. Sound Income Strategies LLC grew its position in shares of BorgWarner by 9,888.9% during the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after buying an additional 890 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of BorgWarner during the 1st quarter valued at about $55,000. Torren Management LLC acquired a new stake in BorgWarner during the fourth quarter worth about $48,000. Finally, Root Financial Partners LLC raised its stake in BorgWarner by 111.0% during the first quarter. Root Financial Partners LLC now owns 1,557 shares of the auto parts company’s stock worth $84,000 after acquiring an additional 819 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of BWA opened at $68.51 on Monday. BorgWarner Inc. has a one year low of $38.13 and a one year high of $78.82. The stock’s fifty day moving average is $67.56 and its 200-day moving average is $60.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.14. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. BorgWarner’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. Equities analysts anticipate that BorgWarner Inc. will post 5.17 EPS for the current year.

BorgWarner announced that its board has approved a share repurchase program on Wednesday, August 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.17 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. BorgWarner’s dividend payout ratio is 34.00%.

Insider Activity

In other BorgWarner news, VP Isabelle Mckenzie sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $63.35, for a total value of $221,725.00. Following the sale, the vice president directly owned 57,828 shares in the company, valued at approximately $3,663,403.80. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the vice president directly owned 203,746 shares of the company’s stock, valued at $13,243,490. The trade was a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,500 shares of company stock worth $2,498,715 over the last 90 days. 0.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wolfe Research restated an “outperform” rating and issued a $95.00 target price on shares of BorgWarner in a research note on Wednesday, June 3rd. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. TD Cowen upped their price objective on BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company increased their target price on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $75.07.

BorgWarner Company 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.