Ieq Capital LLC Purchases New Position in BorgWarner Inc. $BWA

Ieq Capital LLC purchased a new stake in BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 424,655 shares of the auto parts company’s stock, valued at approximately $28,197,000. Ieq Capital LLC owned about 0.21% of BorgWarner as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC purchased a new position in BorgWarner during the 2nd quarter worth approximately $339,000. Louisiana State Employees Retirement System purchased a new stake in BorgWarner in the first quarter valued at approximately $3,256,000. Securian Asset Management Inc. purchased a new stake in BorgWarner in the fourth quarter valued at approximately $702,000. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of BorgWarner in the fourth quarter valued at approximately $2,157,000. Finally, Bessemer Group Inc. boosted its holdings in shares of BorgWarner by 5,773.0% in the fourth quarter. Bessemer Group Inc. now owns 201,386 shares of the auto parts company’s stock valued at $9,074,000 after acquiring an additional 197,957 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Up 4.5%

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

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.14. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. 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 year.

BorgWarner Dividend Announcement

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

BorgWarner announced that its Board of Directors has approved a share repurchase program on Wednesday, August 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the auto parts company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of recent research reports. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings raised shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Barclays lifted their price objective on shares of BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Finally, UBS Group raised 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 report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.93.

Insider Transactions at BorgWarner

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