BlackRock Fund Advisors has recently announced that it has increased stake in BorgWarner Inc (NYSE:BWA) by 0.32%. After grabbing 12.36 million shares, the institutional investor is now in possession of 39578.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 5.26% having worth around $456.08 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.21 million to have a control over 10.66 million shares. And Victory Capital Management, Inc. raised its holdings to 0.11 million shares by acquiring 8.72 million shares or 3.71% of the stake.
BorgWarner Inc (BWA) concluded trading on 12/14/23 at a closing price of $35.83, with 4.52 million shares of worth about $161.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.63% during that period and on Thursday the price saw a gain of about 7.05%. Currently the company’s common shares owned by public are about 234.12M shares, out of which, 233.74M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 71 times over the past 12 months. They bought 493,987 shares in 28 of the transactions. In 43 selling transactions, insiders dumped 440,678 shares.
Vanguard Total Stock Market ETF, Victory Sycamore Established Valu, and Oakmark Fund are the top 3 mutual funds which are holding stakes in BorgWarner Inc Vanguard Total Stock Market ETF is currently holding 7.33 million shares of worth totaling $270.52 million. The company recently came buying 33845.0 shares which brought its stake up to 3.12% of the company’s outstanding shares. Victory Sycamore Established Valu bought 73500.0 shares, after which its hold over company’s outstanding shares expand to 2.61%, leaving 6.13 million shares with the mutual fund that have a worth of about $226.2 million. Oakmark Fund, after buying 6.0 million shares, have now control over 2.55% of the stake in the company. It holds 0.0 shares of worth $221.4 million.
However, the stock later moved at a day high price of 35.88, or with a gain of 7.05%. Stock saw a price change of 8.44% in past 5 days and over the past one month there was a price change of 6.89%. Year-to-date (YTD), BWA shares are showing a performance of 1.20% which decreased to -0.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.63 but also hit the highest price of $47.05 during that period. The average intraday trading volume for BorgWarner Inc shares is 2.42 million. The stock is currently trading 6.13% above its 20-day simple moving average (SMA20), while that difference is up 0.73% for SMA50 and it goes to -10.95% lower than SMA200.
BlackRock Fund Advisors acquired 12.36 million shares of BorgWarner Inc having value of about $456.08 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 39578.0 shares in the company valued at close to $1418079.74, or have control over 0.32% stake in the company. BorgWarner Inc (NYSE: BWA) currently have 234.12M outstanding shares and institutions hold larger chunk of about 98.36% of that. Holding of mutual funds in the company is about 40.77% while other institutional holders and individual stake holders have control over 58.17% and 2.84% of the stake respectively.
The stock has a current market capitalization of $8.42B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 11.57, while it has posted earnings per share of $3.10 in the same period. Its PEG reads 1.05 and has Quick Ratio of 1.28 while making debt-to-equity ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BWA, volatility over the week remained 2.95% while standing at 2.47% over the month.
Analysts are in expectations that BorgWarner Inc (BWA) stock would likely to be making an EPS of $0.9 in the current quarter, while forecast for next quarter EPS is $0.97 and it is $4.28 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.79 which is $1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.69% while it is estimated to increase by 11.40% in next year. EPS is likely to shrink at an annualized rate of 11.00% for next 5-years, compared to annual growth of 13.90% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on November 16, 2023 offering a Buy rating for the stock and assigned a target price of $41 to it.
