Signaturefd LLC Acquires 1,059 Shares of BorgWarner Inc. $BWA

Signaturefd LLC boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 72.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,513 shares of the auto parts company’s stock after buying an additional 1,059 shares during the quarter. Signaturefd LLC’s holdings in BorgWarner were worth $84,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of BorgWarner by 1,822.6% during the 1st quarter. GAMMA Investing LLC now owns 99,244 shares of the auto parts company’s stock worth $2,843,000 after acquiring an additional 94,082 shares during the last quarter. Rhumbline Advisers boosted its position in BorgWarner by 39.0% during the first quarter. Rhumbline Advisers now owns 556,066 shares of the auto parts company’s stock worth $15,931,000 after purchasing an additional 155,912 shares during the period. UMB Bank n.a. increased its holdings in shares of BorgWarner by 97.2% in the first quarter. UMB Bank n.a. now owns 1,757 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 866 shares during the last quarter. Arbor Wealth Advisors LLC raised its position in shares of BorgWarner by 1.1% in the first quarter. Arbor Wealth Advisors LLC now owns 108,607 shares of the auto parts company’s stock valued at $3,112,000 after purchasing an additional 1,196 shares during the period. Finally, CHICAGO TRUST Co NA lifted its stake in shares of BorgWarner by 26.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 51,381 shares of the auto parts company’s stock worth $1,472,000 after buying an additional 10,716 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the sale, the director owned 78,903 shares in the company, valued at $3,338,385.93. The trade was a 10.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was 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 directly owned 55,945 shares of the company’s stock, valued at approximately $2,238,359.45. The trade was a 4.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,272 shares of company stock valued at $1,263,318. 0.45% of the stock is currently owned by insiders.

BorgWarner Stock Performance

NYSE:BWA opened at $44.77 on Friday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.90. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $41.91 and its 200 day simple moving average is $35.04. The firm has a market capitalization of $9.69 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09.

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

BorgWarner announced that its board has authorized a stock buyback program on Thursday, July 31st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

BorgWarner Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. BorgWarner’s dividend payout ratio (DPR) is 72.34%.

Analyst Ratings Changes

A number of brokerages recently commented on BWA. Morgan Stanley upped their price target on shares of BorgWarner from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Zacks Research raised BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a report on Saturday, September 27th. Bank of America lowered BorgWarner from a “buy” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $46.00 in a report on Wednesday, September 10th. Finally, Robert W. Baird raised BorgWarner from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $52.00 in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.79.

About BorgWarner

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.