KBC Group NV Has $10.41 Million Position in BorgWarner Inc. $BWA

KBC Group NV lessened its stake in BorgWarner Inc. (NYSE:BWA) by 37.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,855 shares of the auto parts company’s stock after selling 114,285 shares during the quarter. KBC Group NV’s holdings in BorgWarner were worth $10,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BWA. AQR Capital Management LLC boosted its position in BorgWarner by 119.7% during the 3rd quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock worth $330,525,000 after acquiring an additional 4,095,902 shares during the last quarter. Norges Bank acquired a new position in BorgWarner during the fourth quarter worth $156,794,000. Millennium Management LLC grew its position in BorgWarner by 94.5% in the fourth quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock valued at $94,663,000 after purchasing an additional 1,020,726 shares in the last quarter. SEB Asset Management AB bought a new position in BorgWarner in the first quarter valued at $50,930,000. Finally, Adage Capital Partners GP L.L.C. increased its stake in BorgWarner by 233.6% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock valued at $37,196,000 after buying an additional 778,000 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

BWA stock opened at $64.25 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. The company’s 50-day moving average is $67.97 and its 200-day moving average is $58.82. The stock has a market capitalization of $13.18 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. BorgWarner Inc. has a 1 year low of $34.27 and a 1 year high of $78.82.

BorgWarner (NYSE:BWA) last posted its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. BorgWarner had a return on equity of 18.36% and a net margin of 2.53%.The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the company earned $1.11 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Equities research analysts expect that BorgWarner Inc. will post 5.16 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.68 annualized dividend and a yield of 1.1%. BorgWarner’s dividend payout ratio is 40.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BWA shares. Morgan Stanley raised their price target on BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. boosted their target price on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a research note on Thursday, June 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of BorgWarner in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company raised their target price on shares of BorgWarner from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $74.57.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CEO Joseph F. Fadool sold 29,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total transaction of $1,951,990.00. Following the transaction, the chief executive officer directly owned 405,964 shares in the company, valued at $27,325,436.84. This trade represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tania Wingfield sold 5,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $63.24, for a total transaction of $316,200.00. Following the sale, the executive vice president owned 35,365 shares of the company’s stock, valued at approximately $2,236,482.60. The trade was a 12.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,500 shares of company stock valued at $4,310,115 in the last three months. 0.76% of the stock is owned by company insiders.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.