BlackRock Cuts BorgWarner Stake to 6.7% as of Dec 31, 2023

TL;DR

**BlackRock just trimmed its BorgWarner stake to 6.7%, signaling a potential shift in their outlook.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in BorgWarner Inc. As of December 31, 2023, BlackRock beneficially owned 16,076,826 shares of BorgWarner's Common Stock, representing 6.7% of the company. This is a decrease from their previous reported ownership, indicating BlackRock has reduced its stake. This matters to investors because a major institutional investor like BlackRock reducing its position could signal a less bullish outlook on BorgWarner's future performance.

Why It Matters

A significant institutional investor like BlackRock reducing its ownership in BorgWarner Inc. could suggest a shift in their investment strategy or a less optimistic view of the company's prospects, potentially influencing other investors' decisions.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can sometimes precede a period of underperformance for the stock, posing a moderate risk to current or prospective shareholders.

Analyst Insight

Investors should monitor BorgWarner Inc.'s upcoming earnings reports and analyst ratings to understand if BlackRock's reduced stake reflects a broader negative sentiment or a portfolio rebalancing. Consider this a data point for further due diligence rather than an immediate buy/sell signal.

Key Numbers

• 16,076,826 — Shares Beneficially Owned (This is the total number of BorgWarner Inc. common stock shares BlackRock Inc. reported owning as of December 31, 2023.)
• 6.7% — Percentage of Class Owned (This represents BlackRock Inc.'s ownership stake in BorgWarner Inc. as of December 31, 2023, indicating a decrease from previous filings.)

Key Players & Entities

• BlackRock Inc. (company) — the reporting person who filed the SC 13G/A
• BorgWarner Inc. (company) — the subject company whose shares are being reported
• 16,076,826 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
• 6.7% (dollar_amount) — percentage of class owned by BlackRock Inc.
• December 31, 2023 (date) — the date of the event which requires the filing
• January 26, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• BlackRock's reduced stake may lead to increased scrutiny from other institutional investors regarding BorgWarner's future outlook. (BorgWarner Inc.) — medium confidence, target: Q1 2024

FAQ

From the Filing

0001086364-24-004306.txt : 20240126 0001086364-24-004306.hdr.sgml : 20240126 20240126114940 ACCESSION NUMBER: 0001086364-24-004306 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BORGWARNER INC CENTRAL INDEX KEY: 0000908255 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133404508 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44067 FILM NUMBER: 24565795 BUSINESS ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 2487549200 MAIL ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 FORMER COMPANY: FORMER CONFORMED NAME: BORG WARNER AUTOMOTIVE INC DATE OF NAME CHANGE: 19930628 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0997241064_012624.txt us0997241064_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15) BORGWARNER INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 099724106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 099724106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 15801250 (6) Shared voting power 0 (7) Sole dispositive power 17614791 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 17614791 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- BORGWARNER INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 3850 HAMLIN ROAD AUBURN HILLS MI 48326 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or princ