Intech Investment Management reduced its holdings in
BorgWarner Inc, and its shares dipped to $33.84, but despite this,
Avantax Advisory Services Inc maintained a $776,000 stake in the company. Several other financial firms like
BNP PARIBAS &
Qsemble Capital Management LP increased their holdings, showcasing potential long-term value.
Joseph Fadool was appointed as Chief Operating Officer. Investors are questioning if the company is undervalued given the fickle share performance. There was a lot of activity on share selling and buying from various institutions. The company surpassed analyst earnings estimates for Q1 2024 and increased Full-Year EPS Guidance, predicting a 25-40% eProduct sales increase for 2024.
BWA reported reduced sales guidance for 2023 but declared a quarterly dividend. Eventually, the shares gapped up to $32.09 and the overall market performance was mixed, with the stock suffering losses, then recovering and outperforming the market. The company released its 2024 Sustainability Report and announced a strategic relationship agreement with FinDreams Battery for LFP Battery Packs. Despite a few earnings misses and guidance being trimmed, the consensus remains that BorgWarner is a sound investment for 2024.
Borgwarner BWA News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 23:00:35 GMT -
Rating 3
- Innovation 4
- Information 7
- Rumor -1
