JPMorgan Chase & Co. Reduces Position in BorgWarner Inc. $BWA

JPMorgan Chase & Co. reduced its stake in BorgWarner Inc. by 24% in Q2, owning 1,157,948 shares worth $38.77 million. Other institutional investors also adjusted their holdings. BorgWarner's stock opened at $42.83, with a market cap of $9.16 billion. The company reported Q3 earnings of $1.24 per share, exceeding estimates, and announced a quarterly dividend of $0.17 per share. Analysts have given BorgWarner a "Moderate Buy" rating with a consensus price target increase.

JPMorgan Chase & Co. reduced its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 24.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,157,948 shares of the auto parts company's stock after selling 364,884 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.54% of BorgWarner worth $38,768,000 at the end of the most recent quarter.

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A number of other institutional investors have also modified their holdings of BWA. Avantax Advisory Services Inc. lifted its holdings in shares of BorgWarner by 13.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,258 shares of the auto parts company's stock worth $380,000 after buying an additional 1,555 shares during the period. XTX Topco Ltd lifted its stake in BorgWarner by 104.1% in the first quarter. XTX Topco Ltd now owns 23,496 shares of the auto parts company's stock worth $673,000 after acquiring an additional 11,985 shares during the period. Vestcor Inc bought a new position in BorgWarner during the 1st quarter worth about $396,000. Arkadios Wealth Advisors increased its position in BorgWarner by 111.7% during the 1st quarter. Arkadios Wealth Advisors now owns 27,140 shares of the auto parts company's stock valued at $778,000 after purchasing an additional 14,319 shares during the period. Finally, Scotia Capital Inc. raised its holdings in shares of BorgWarner by 4.3% in the 1st quarter. Scotia Capital Inc. now owns 45,883 shares of the auto parts company's stock valued at $1,315,000 after purchasing an additional 1,900 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

Shares of BWA stock opened at $42.83 on Tuesday. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $46.39. The company has a market capitalization of $9.16 billion, a P/E ratio of 45.56, a P/E/G ratio of 1.58 and a beta of 1.06. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. The business's 50 day moving average is $43.51 and its two-hundred day moving average is $39.48.

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BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same period in the previous year, the firm posted $1.09 EPS. BorgWarner's revenue was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 1st. BorgWarner's payout ratio is currently 107.94%.

Wall Street Analysts Forecast Growth

Is Adient’s guidance cut a positive sign for the auto suppliers?

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on shares of BorgWarner from $45.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Wells Fargo & Company raised their price objective on BorgWarner from $50.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Evercore ISI upped their target price on BorgWarner from $50.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, November 24th. Robert W. Baird set a $54.00 price target on BorgWarner in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on BorgWarner from $45.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, BorgWarner has a consensus rating of "Moderate Buy" and an average price target of $46.08.

Read Our Latest Stock Analysis on BorgWarner

Insiders Place Their Bets

In other news, VP Isabelle Mckenzie sold 3,200 shares of the firm's stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the sale, the vice president owned 43,555 shares in the company, valued at $1,926,437.65. This trade represents a 6.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the sale, the vice president owned 204,040 shares in the company, valued at $9,385,840. This represents a 2.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,200 shares of company stock valued at $1,054,336 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

About BorgWarner

(Free Report)

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.

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