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

KBC Group NV boosted its position in shares of BorgWarner Inc. (NYSE:BWA) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,977 shares of the auto parts company’s stock after buying an additional 6,865 shares during the quarter. KBC Group NV’s holdings in BorgWarner were worth $9,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in shares of BorgWarner by 13.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,258 shares of the auto parts company’s stock worth $380,000 after purchasing an additional 1,555 shares during the period. Pallas Capital Advisors LLC bought a new stake in BorgWarner in the second quarter worth about $567,000. Zurich Insurance Group Ltd FI purchased a new position in shares of BorgWarner during the first quarter valued at approximately $1,223,000. AE Wealth Management LLC boosted its position 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 period. Finally, Entropy Technologies LP bought a new position in shares of BorgWarner during the first quarter valued at approximately $1,822,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA stock opened at $44.75 on Friday. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $46.39. The business has a 50-day moving average price of $43.73 and a 200 day moving average price of $38.42. The company has a market capitalization of $9.57 billion, a P/E ratio of 47.60, a PEG ratio of 1.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.66.

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

BorgWarner declared that its Board of Directors has initiated a share repurchase program on Thursday, July 31st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to reacquire up to 13.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. BorgWarner’s dividend payout ratio is currently 107.94%.

Insider Buying and Selling at BorgWarner

In related news, Director Alexis P. Michas sold 8,772 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the sale, the director owned 78,903 shares of the company’s stock, valued at $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isabelle Mckenzie sold 3,200 shares of BorgWarner stock in a transaction dated Tuesday, November 4th. The shares were 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 owned 43,555 shares in the company, valued at $1,926,437.65. This trade represents a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,972 shares of company stock valued at $1,425,479. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Robert W. Baird set a $54.00 target price on BorgWarner in a research report on Friday, October 31st. Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Zacks Research downgraded shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.85.

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.