Wealthfront Advisers LLC Purchases New Shares in BorgWarner Inc. $BWA

Wealthfront Advisers LLC acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,969 shares of the auto parts company’s stock, valued at approximately $529,000.

Other large investors have also recently made changes to their positions in the company. Clearstead Trust LLC bought a new position in shares of BorgWarner in the 2nd quarter valued at about $28,000. Prosperity Bancshares Inc bought a new stake in BorgWarner during the fourth quarter worth approximately $37,000. Grove Bank & Trust raised its position in BorgWarner by 4,304.3% during the second quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 990 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in BorgWarner during the first quarter valued at approximately $55,000. Finally, Torren Management LLC bought a new stake in shares of BorgWarner in the 4th quarter valued at approximately $48,000. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BWA shares. Robert W. Baird set a $79.00 target price on BorgWarner in a report on Thursday, August 6th. UBS Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and raised their price target for the stock from $61.00 to $95.00 in a research report on Wednesday, June 10th. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a research note on Wednesday, June 10th. Wells Fargo & Company increased their price target on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Finally, TD Cowen boosted their price objective on BorgWarner from $67.00 to $68.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $75.93.

BorgWarner Stock Up 4.5%

BorgWarner stock opened at $67.74 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market cap of $13.80 billion, a P/E ratio of 33.87, a P/E/G ratio of 1.17 and a beta of 1.10. The business has a fifty day moving average of $66.34 and a two-hundred day moving average of $61.56. BorgWarner Inc. has a twelve month low of $40.50 and a twelve month high of $78.82.

BorgWarner (NYSE:BWA) last announced its quarterly 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 business had revenue of $3.65 billion for 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 business’s revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, analysts forecast that BorgWarner Inc. will post 5.19 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

BorgWarner declared that its board has initiated a stock buyback program on Wednesday, August 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, CAO Amy B. Kulikowski sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total value of $198,940.00. Following the sale, the chief accounting officer directly owned 9,725 shares in the company, valued at approximately $667,135. This trade represents a 22.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rajesh Kalathur purchased 7,407 shares of the stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the acquisition, the director directly owned 7,407 shares in the company, valued at approximately $500,639.13. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.76% of the stock is owned by insiders.

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.