Here’s What Makes BorgWarner (BWA) A Great Investment Choice

Harding Loevner, an investment management firm, published its “Global Small Companies Equity Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 1.94% was recorded by the fund for the third quarter of 2021, beating its Benchmark, the MSCI All Country World Small Cap Index, which returned -1.42 % for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Harding Loevner Global Small Companies Equity Fund, in its Q3 2021 investor letter, mentioned BorgWarner Inc. (NYSE: BWA) and discussed its stance on the firm. BorgWarner Inc. is an Auburn Hills, Michigan-based multinational automotive supplier with a $10.5 billion market capitalization. BWA delivered a 13.56% return since the beginning of the year, while its 12-month returns are up by 10.06%. The stock closed at $43.88 per share on December 03, 2021.

Here is what Harding Loevner Global Small Companies Equity Fund has to say about BorgWarner Inc.  in its Q3 2021 investor letter:

“BorgWarner is a longtime auto supplier that is investing to extend its competitive advantage. The company is currently one of the world’s top three producers of turbochargers, used in internal combustion engines (ICEs) to achieve higher performance with greater fuel efficiency. Over the past 20 years, the company’s success in this market has helped BorgWarner to grow faster than the overall auto industry.”

Based on our calculations, BorgWarner Inc. (NYSE: BWA) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. BWA was in 21 hedge fund portfolios at the end of the third quarter of 2021, compared to 27 funds in the previous quarter. BorgWarner Inc. (NYSE: BWA) delivered a 1.72% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.