BorgWarner (BWA)

• Market cap: $6.32B
• 1 day: -4.89%
• 5 days: 0.77%
• 1 month: -2.84%
• 3 months: -10.62%
• 6 months: -21.71%
• Year to date: -8.14%
• 1 year: -17.09%
• 5 years: 21.39%
• 10 years: -51.56%
• Sector: Consumer Discretionary
• Industry: Motor Vehicle Parts & Accessories

About: BorgWarner is a tier one supplier of turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems mostly to automotive original equipment manufacturers. Its products aim to move a vehicle with as few electrons as possible, resulting in cleaner, cost-optimized, and more-efficient vehicles. Foundational products, the combustion vehicle business, contributes more than 80% to group revenue while BorgWarner transitions to becoming an electric vehicle-centric parts supplier (e-business). In 2023, 25% of the company's revenue was sourced from Volkswagen and Ford. Revenue is well diversified geographically, with approximately a third each generated in North America, Europe, and Asia.

Employees: 38,300

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

40% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 72

31% more call options, than puts

Call options by funds: $23.1M | Put options by funds: $17.7M

6.23% more ownership

Funds ownership: 93.62% [Q3] → 99.86% (+6.23%) [Q4]

3% more funds holding

Funds holding: 598 [Q3] → 616 (+18) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 213 | Existing positions reduced: 235

10% less capital invested

Capital invested by funds: $7.74B [Q3] → $6.94B (-$797M) [Q4]

40% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 3 (-2) [Q4]

Research analyst outlook

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

• Low target: $31 8% upside
• Avg. target: $40 39% upside
• High target: $49 70% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

Piper Sandler Alexander Potter 65% 1-year accuracy 13 / 20 met price target	25% upside $36	Overweight Maintained	20 Mar 2025
Morgan Stanley Adam Jonas 56% 1-year accuracy 28 / 50 met price target	39% upside $40	Overweight Maintained	3 Mar 2025
Barclays Dan Levy 34% 1-year accuracy 14 / 41 met price target	46% upside $42	Overweight Maintained	11 Feb 2025
Evercore ISI Group Chris McNally 25% 1-year accuracy 2 / 8 met price target	39% upside $40	Outperform Maintained	10 Feb 2025
Wells Fargo Colin Langan 19% 1-year accuracy 7 / 36 met price target	43% upside $41	Overweight Maintained	7 Feb 2025