BorgWarnerBWA
Market Cap: $7.35B
About: BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.
Employees: 39,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
20% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]
9% more call options, than puts
Call options by funds: $43M | Put options by funds: $39.5M
0.28% more ownership
Funds ownership: 96.15% [Q1] → 96.43% (+0.28%) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 217 | Existing positions reduced: 236
3% less funds holding
Funds holding: 639 [Q1] → 619 (-20) [Q2]
8% less capital invested
Capital invested by funds: $7.68B [Q1] → $7.08B (-$593M) [Q2]
18% less first-time investments, than exits
New positions opened: 91 | Existing positions closed: 111
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JP Morgan Ryan Brinkman 41% 1-year accuracy 14 / 34 met price target | 58%upside $51 | Overweight Maintained | 5 Aug 2024 |
Barclays Dan Levy 24% 1-year accuracy 8 / 34 met price target | 46%upside $47 | Overweight Maintained | 1 Aug 2024 |
Wells Fargo Colin Langan 20% 1-year accuracy 5 / 25 met price target | 30%upside $42 | Overweight Maintained | 1 Aug 2024 |
Baird David Leiker 0% 1-year accuracy 0 / 2 met price target | 21%upside $39 | Neutral Maintained | 1 Aug 2024 |
B of A Securities John Murphy 49% 1-year accuracy 17 / 35 met price target | 39%upside $45 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 9 articles about BWA published over the past 30 days