KBC Group NV Decreases Stock Position in BorgWarner Inc. (NYSE:BWA)

KBC Group NV reduced its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,412 shares of the auto parts company’s stock after selling 16,688 shares during the quarter. KBC Group NV’s holdings in BorgWarner were worth $8,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new position in shares of BorgWarner during the 3rd quarter worth approximately $412,000. Crossmark Global Holdings Inc. increased its position in BorgWarner by 27.2% during the third quarter. Crossmark Global Holdings Inc. now owns 111,254 shares of the auto parts company’s stock worth $4,037,000 after buying an additional 23,820 shares in the last quarter. Atria Investments Inc raised its holdings in shares of BorgWarner by 12.4% in the third quarter. Atria Investments Inc now owns 32,973 shares of the auto parts company’s stock worth $1,197,000 after acquiring an additional 3,638 shares during the last quarter. Executive Wealth Management LLC purchased a new stake in shares of BorgWarner in the third quarter valued at $1,546,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of BorgWarner during the third quarter valued at $2,935,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Up 0.2 %

BWA opened at $34.50 on Friday. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The firm has a 50 day moving average price of $34.27 and a 200 day moving average price of $33.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company has a market cap of $7.55 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect that BorgWarner Inc. will post 4.2 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio is presently 11.17%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Wolfe Research started coverage on BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.21.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. This represents a 13.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 179,966 shares of company stock valued at $6,225,843 over the last quarter. Company insiders own 0.45% of the company’s stock.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.