KBC Group NV Buys 6,865 Shares of BorgWarner Inc. $BWA

KBC Group NV raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,977 shares of the auto parts company’s stock after buying an additional 6,865 shares during the quarter. KBC Group NV owned about 0.13% of BorgWarner worth $9,374,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. grew its position in BorgWarner by 13.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,258 shares of the auto parts company’s stock valued at $380,000 after purchasing an additional 1,555 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in BorgWarner in the second quarter worth about $567,000. Zurich Insurance Group Ltd FI bought a new position in shares of BorgWarner in the first quarter worth approximately $1,223,000. AE Wealth Management LLC grew its holdings in shares of BorgWarner by 2.6% during the second quarter. AE Wealth Management LLC now owns 421,781 shares of the auto parts company’s stock valued at $14,121,000 after buying an additional 10,502 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of BorgWarner during the first quarter valued at approximately $1,822,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $54.00 price objective on shares of BorgWarner in a report on Friday, October 31st. Wells Fargo & Company lifted their target price on BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Evercore ISI upped their price target on BorgWarner from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Barclays lifted their price objective on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $45.85.

BorgWarner Stock Performance

BWA stock opened at $44.75 on Friday. The company has a market cap of $9.57 billion, a P/E ratio of 47.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $46.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66. The stock’s fifty day moving average price is $43.73 and its 200-day moving average price is $38.42.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.BorgWarner’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, equities analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st. BorgWarner’s dividend payout ratio is 107.94%.

BorgWarner announced that its Board of Directors has initiated a stock buyback program on Thursday, July 31st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to purchase up to 13.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at BorgWarner

In other news, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the sale, the director owned 78,903 shares of the company’s stock, valued at $3,338,385.93. The trade was a 10.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total value of $141,536.00. Following the completion of the transaction, the vice president directly owned 43,555 shares in the company, valued at $1,926,437.65. This trade represents a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 31,972 shares of company stock worth $1,425,479. 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.