BorgWarner (BWA)

• Market cap: $7.06B
• 1 day: 0.87%
• 5 days: 4.87%
• 1 month: -2.86%
• 3 months: -7.51%
• 6 months: -5.53%
• Year to date: 3.10%
• 1 year: -1.28%
• 5 years: -22.25%
• 10 years: -38.80%
• Sector: Consumer Discretionary
• Industry: Motor Vehicle Parts & Accessories

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 Q3 regulatory filings by fund managers ($100M+ AUM)

82% more call options, than puts

Call options by funds: $50.2M | Put options by funds: $27.6M

5% more capital invested

Capital invested by funds: $7.27B [Q2] → $7.65B (+$378M) [Q3]

5% less funds holding

Funds holding: 626 [Q2] → 596 (-30) [Q3]

6.44% less ownership

Funds ownership: 98.94% [Q2] → 92.5% (-6.44%) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 200 | Existing positions reduced: 251

26% less first-time investments, than exits

New positions opened: 68 | Existing positions closed: 92

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 4% downside
• Avg. target: $40 24% upside
• High target: $50 55% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Goldman Sachs Kash Rangan 60% 1-year accuracy 18 / 30 met price target	4% downside $31	Neutral Maintained	16 Jan 2025
Wells Fargo Colin Langan 24% 1-year accuracy 8 / 33 met price target	24% upside $40	Overweight Maintained	16 Dec 2024
Guggenheim Ronald Jewsikow 33% 1-year accuracy 8 / 24 met price target	27% upside $41	Buy Reiterated	12 Dec 2024
Deutsche Bank Edison Yu 67% 1-year accuracy 6 / 9 met price target	21% upside $39	Hold Maintained	4 Nov 2024
JP Morgan Ryan Brinkman 32% 1-year accuracy 13 / 41 met price target	55% upside $50	Overweight Maintained	21 Oct 2024