Oppenheimer Asset Management Inc. Acquires Shares of 40,388 BorgWarner Inc. $BWA

Oppenheimer Asset Management Inc. bought a new position in BorgWarner Inc. (NYSE:BWA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,388 shares of the auto parts company’s stock, valued at approximately $2,682,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC grew its position in BorgWarner by 119.7% in the third quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after acquiring an additional 4,095,902 shares during the period. Norges Bank acquired a new position in BorgWarner during the fourth quarter worth $156,794,000. Millennium Management LLC lifted its holdings in shares of BorgWarner by 94.5% during the fourth quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock valued at $94,663,000 after acquiring an additional 1,020,726 shares during the period. SEB Asset Management AB bought a new position in shares of BorgWarner during the first quarter valued at $50,930,000. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of BorgWarner by 233.6% in the 2nd 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 purchasing an additional 778,000 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Up 1.0%

Shares of BWA opened at $68.52 on Friday. The business’s fifty day moving average price is $67.02 and its two-hundred day moving average price is $60.89. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.24 and a beta of 1.10. BorgWarner Inc. has a 52 week low of $40.50 and a 52 week high of $78.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, analysts predict that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. BorgWarner’s dividend payout ratio is presently 34.00%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BWA shares. Weiss Ratings upgraded shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Wells Fargo & Company boosted their price target on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Barclays upped their price objective on shares of BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $84.00 price objective on shares of BorgWarner in a report on Thursday, June 11th. Finally, Morgan Stanley lifted their target price on shares of BorgWarner from $67.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.93.

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.