KBC Group NV boosted its position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 37.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,372 shares of the auto parts company’s stock after acquiring an additional 92,960 shares during the period. KBC Group NV owned 0.16% of BorgWarner worth $10,820,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in BWA. Pacer Advisors Inc. grew its holdings in shares of BorgWarner by 21,752.6% in the 3rd 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 last quarter. Swedbank AB grew its stake in BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after buying an additional 593,265 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after buying an additional 445,540 shares in the last quarter. Bridgewater Associates LP grew its position in BorgWarner by 4,509.5% during the 3rd quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after acquiring an additional 370,726 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in BorgWarner during the 3rd quarter valued at $11,113,000. 95.67% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the sale, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’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 transaction of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,010 shares of company stock valued at $7,678,076. Company insiders own 0.45% of the company’s stock.
BorgWarner Stock Performance
BorgWarner (NYSE:BWA – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the firm earned $0.98 EPS. BorgWarner’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current year.
BorgWarner Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. BorgWarner’s payout ratio is 11.17%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on BWA shares. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. 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. Guggenheim restated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $40.40.
Get Our Latest Research Report on BorgWarner
About BorgWarner
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.
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