There has been a slew of activity surrounding BorgWarner Inc. (BWA), a global leader in clean and efficient technologies that combat vehicle emissions. The stock's performance has seen highs and lows over the previous weeks. The company has been called a strong value stock with news of Vestcor Inc. acquiring 15,626 shares, while Verition Fund Management LLC, and others have sold a significant amount of shares. Executive Wealth Management LLC invested $1.55 Million and Castleark Management LLC acquired 109,770 shares in BorgWarner, demonstrating a mixed market sentiment. Despite expected declines in Q3 earnings, BorgWarner's results outperformed market expectations and saw a year-over-year increase. The company has also displayed a steady commitment to its shareholders, declaring its regular quarterly dividend multiple times. Various asset management companies, including Swedbank AB and Erste Asset Management GmbH, have increased their positions in BorgWarner. The appointment of Joseph Fadool as the COO and his subsequent succession as CEO by 2025 was also announced.
Borgwarner BWA News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 10:14:31 GMT - Rating -4 - Innovation 5 - Information 7 - Rumor 1
