Wellington Management Group LLP reduced its ownership in
BorgWarner Inc. (NYSE:BWA) by selling 189,961 shares, while the
Czech National Bank has a $1.40 million position in the company. Analysts' anticipation centers around BorgWarner's upcoming earnings report, which may beat estimates again. Despite a temporary fall, the company's stock demonstrated a robust performance, outperforming the market on specific days. Certain players like
Goldman Sachs Group Inc. and
Vanguard Group Inc. raised their stake in BorgWarner while others, including the
First Hawaiian Bank and
Massmutual Trust Co. FSB ADV, sold their shares.
BorgWarner announced the appointment of
Joseph Fadool as the new Chief Operating Officer. Following the separation from Phinia Inc., BorgWarner started trading on New York Stock Exchange independently. The company also reported
increased earnings-per-share guidance, despite reduced sales guidance for 2023. Several organizations, including
Stifel Financial Corp, reduced their shareholdings in BorgWarner, whereas others continued to invest, considering the long-term value that BorgWarner presents.
Borgwarner BWA News Analytics from Fri, 04 Aug 2023 07:00:00 GMT to Sun, 23 Jun 2024 18:23:01 GMT -
Rating 6
- Innovation 3
- Information 6
- Rumor -2
