Magnetar Financial LLC Raises Stock Position in BorgWarner Inc. $BWA

Magnetar Financial LLC raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 289.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,221 shares of the auto parts company’s stock after buying an additional 53,678 shares during the period. Magnetar Financial LLC’s holdings in BorgWarner were worth $3,175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of BorgWarner in the third quarter worth $27,000. Addison Advisors LLC lifted its holdings in BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 758 shares during the period. Assetmark Inc. lifted its holdings in BorgWarner by 81.8% in the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 364 shares during the period. Mather Group LLC. purchased a new position in BorgWarner in the third quarter worth about $41,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in BorgWarner in the second quarter worth about $32,000. 95.67% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Tania Wingfield sold 17,867 shares of BorgWarner stock in a transaction on Friday, February 13th. The shares were sold at an average price of $63.43, for a total transaction of $1,133,303.81. Following the transaction, the executive vice president owned 45,429 shares in the company, valued at approximately $2,881,561.47. The trade was a 28.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 2,458 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $61.54, for a total transaction of $151,265.32. Following the completion of the transaction, the vice president directly owned 66,351 shares of the company’s stock, valued at $4,083,240.54. This represents a 3.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 66,071 shares of company stock valued at $4,010,237. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BWA shares. Evercore reaffirmed an “outperform” rating and set a $75.00 price target on shares of BorgWarner in a research report on Tuesday, February 17th. UBS Group raised shares of BorgWarner from a “sell” rating to a “neutral” rating and set a $55.00 price objective on the stock in a report on Friday, March 6th. Piper Sandler restated a “neutral” rating and set a $51.00 target price (down from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. New Street Research set a $66.00 target price on shares of BorgWarner in a report on Thursday, February 12th. Finally, Morgan Stanley set a $60.00 price target on shares of BorgWarner in a research report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.31.

BorgWarner Stock Up 0.3%

NYSE BWA opened at $52.99 on Thursday. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $70.08. The company has a quick ratio of 1.70, a current ratio of 2.07 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $10.97 billion, a P/E ratio of 42.40, a price-to-earnings-growth ratio of 1.08 and a beta of 1.04. The stock’s 50-day moving average price is $52.51 and its 200-day moving average price is $46.82.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.19. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, equities research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, March 2nd. BorgWarner’s dividend payout ratio is presently 54.40%.

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.