SCHEDULE: Harris Associates Reports 1.3% Stake in BorgWarner

Harris Associates L.P. and Harris Associates, Inc. have reported a 1.3% beneficial ownership stake in BorgWarner Inc. common stock.

Summary

• Harris Associates L.P. and Harris Associates, Inc. filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in BorgWarner Inc.
• They collectively beneficially own 2,772,856 shares of BorgWarner Inc. common stock.
• This represents 1.3% of the class of securities.
• Harris Associates L.P. and Harris Associates, Inc. each hold sole voting power over 2,757,981 shares and sole dispositive power over 2,772,856 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a neutral sentiment as it provides no new positive or negative operational or financial information about the issuer.

Future Outlook

NA

Industry Context

As a routine disclosure of institutional ownership, the reported stake does not provide specific insights into broader industry trends or competitive dynamics beyond indicating an investment by Harris Associates in an automotive supplier.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, confirming Harris Associates' 1.3% stake in BorgWarner Inc.

Key Dates

Keywords

BorgWarner Inc., Harris Associates, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, SEC Filing, Automotive Supplier