MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,760 Shares of BorgWarner Inc. $BWA

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BorgWarner Inc. (NYSE:BWA) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,648 shares of the auto parts company’s stock after acquiring an additional 1,760 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of BorgWarner worth $5,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in BorgWarner by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,568,627 shares of the auto parts company’s stock worth $331,429,000 after acquiring an additional 284,587 shares in the last quarter. LSV Asset Management grew its position in shares of BorgWarner by 36.7% during the first quarter. LSV Asset Management now owns 5,889,080 shares of the auto parts company’s stock valued at $168,722,000 after purchasing an additional 1,580,935 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its position in shares of BorgWarner by 7.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company’s stock valued at $129,664,000 after acquiring an additional 267,250 shares during the last quarter. American Century Companies Inc. boosted its position in shares of BorgWarner by 1.7% during the 1st quarter. American Century Companies Inc. now owns 3,716,576 shares of the auto parts company’s stock valued at $106,480,000 after acquiring an additional 60,382 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of BorgWarner by 8.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,439,068 shares of the auto parts company’s stock valued at $77,538,000 after acquiring an additional 184,001 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $39.31, for a total value of $589,650.00. Following the transaction, the vice president owned 234,040 shares in the company, valued at $9,200,112.40. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the transaction, the vice president owned 55,945 shares in the company, valued at $2,238,359.45. This trade represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,272 shares of company stock worth $1,263,318 over the last quarter. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 2.7%

NYSE:BWA opened at $44.34 on Friday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.45. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 47.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09. The stock has a fifty day simple moving average of $39.20 and a 200-day simple moving average of $33.37. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.56 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner declared that its board has initiated a stock buyback plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 13.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

BorgWarner Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. This is a positive change from BorgWarner’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, September 2nd. BorgWarner’s payout ratio is presently 72.34%.

Analyst Ratings Changes

A number of research analysts have recently commented on BWA shares. JPMorgan Chase & Co. increased their target price on BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. Barclays reiterated an “overweight” rating and set a $45.00 target price (up from $42.00) on shares of BorgWarner in a research report on Wednesday, July 16th. Baird R W upgraded BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company increased their target price on BorgWarner from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.21.

BorgWarner 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.