Merit Financial Group LLC Raises Position in BorgWarner Inc. $BWA

Merit Financial Group LLC boosted its position in BorgWarner Inc. (NYSE:BWA) by 73.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 44,394 shares of the auto parts company’s stock after purchasing an additional 18,748 shares during the period. Merit Financial Group LLC’s holdings in BorgWarner were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of BorgWarner by 168.3% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 966,701 shares of the auto parts company’s stock valued at $42,496,000 after buying an additional 606,434 shares during the last quarter. Vanguard Group Inc. increased its holdings in BorgWarner by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 27,578,374 shares of the auto parts company’s stock worth $1,212,345,000 after acquiring an additional 667,788 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in BorgWarner by 53.0% in the 3rd quarter. Pallas Capital Advisors LLC now owns 25,895 shares of the auto parts company’s stock valued at $1,138,000 after acquiring an additional 8,973 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in BorgWarner by 6.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 69,769 shares of the auto parts company’s stock valued at $3,067,000 after purchasing an additional 4,392 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in BorgWarner during the third quarter valued at about $7,906,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 price target (up previously from $42.00) on shares of BorgWarner in a research report on Monday, December 8th. UBS Group lifted their price objective on shares of BorgWarner from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Robert W. Baird set a $54.00 target price on shares of BorgWarner in a report on Friday, October 31st. The Goldman Sachs Group raised their price target on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $46.46.

BorgWarner Stock Up 3.5%

Shares of NYSE:BWA opened at $46.65 on Friday. The firm has a fifty day moving average price of $44.18 and a two-hundred day moving average price of $41.38. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 74.04, a PEG ratio of 0.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. BorgWarner Inc. has a one year low of $24.40 and a one year high of $46.66.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

Insider Transactions at BorgWarner

In other news, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the transaction, the vice president owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president directly owned 204,040 shares in the company, valued at $9,385,840. This represents a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,200 shares of company stock valued at $1,054,336. Corporate insiders own 0.45% of the company’s stock.

BorgWarner 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.