KBC Group NV Has $10.82 Million Stake in BorgWarner Inc. (NYSE:BWA)

KBC Group NV raised its position in BorgWarner Inc. (NYSE:BWA) by 37.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 340,372 shares of the auto parts company’s stock after purchasing an additional 92,960 shares during the quarter. KBC Group NV’s holdings in BorgWarner were worth $10,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after purchasing an additional 4,625,685 shares during the period. Swedbank AB boosted its stake in shares of BorgWarner by 236.5% during the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after acquiring an additional 593,265 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after acquiring an additional 445,540 shares during the last quarter. Bridgewater Associates LP raised its stake in BorgWarner by 4,509.5% in the 3rd quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock valued at $13,752,000 after acquiring an additional 370,726 shares during the period. Finally, Erste Asset Management GmbH bought a new position in BorgWarner during the third quarter worth $11,113,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

BorgWarner stock opened at $32.47 on Thursday. The stock has a 50-day moving average price of $32.85 and a two-hundred day moving average price of $33.39. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a market capitalization of $7.10 billion, a PE ratio of 8.24, a P/E/G ratio of 0.63 and a beta of 1.20. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Analysts expect that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BWA. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company decreased their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the sale, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last ninety days. 0.45% of the stock is owned by company insiders.

BorgWarner Company 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.