BorgWarner Inc. (NYSE:BWA) Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,412 shares of the auto parts company's stock after selling 16,688 shares during the quarter. KBC Group NV owned 0.11% of BorgWarner worth $8,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BWA. Matrix Trust Co acquired a new position in BorgWarner during the third quarter worth $25,000. LRI Investments LLC bought a new position in BorgWarner in the 1st quarter worth about $35,000. Sentry Investment Management LLC purchased a new stake in BorgWarner in the second quarter valued at approximately $32,000. Olistico Wealth LLC bought a new stake in BorgWarner during the second quarter worth about $35,000. Finally, Gradient Investments LLC raised its stake in shares of BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company's stock worth $39,000 after acquiring an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.07 during midday trading on Friday, hitting $34.50. The company's stock had a trading volume of 1,762,623 shares, compared to its average volume of 2,131,667. The company has a market cap of $7.55 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The business's 50 day simple moving average is $34.27 and its 200 day simple moving average is $33.98.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results 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. The company had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, analysts forecast that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. BorgWarner's dividend payout ratio (DPR) is 11.17%.

Insider Transactions at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the sale, the executive vice president now directly owns 32,366 shares of the company's stock, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares of the company's stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 179,966 shares of company stock worth $6,225,843 in the last 90 days. Insiders own 0.45% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BWA shares. Wells Fargo & Company dropped their price objective on BorgWarner from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, August 1st. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Wolfe Research began coverage on BorgWarner in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Finally, Evercore ISI raised BorgWarner from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.21.

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.