KBC Group NV Acquires 92,960 Shares of BorgWarner Inc. (NYSE:BWA)

KBC Group NV lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 37.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.16% of BorgWarner worth $10,820,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Matrix Trust Co acquired a new stake in shares of BorgWarner during the third quarter worth $25,000. Brooklyn Investment Group acquired a new stake in shares of BorgWarner in the 3rd quarter valued at about $32,000. True Wealth Design LLC bought a new stake in BorgWarner in the 3rd quarter valued at approximately $38,000. Avior Wealth Management LLC boosted its holdings in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Co. of Vermont grew its holdings in shares of BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 645 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction 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 sale, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 32,366 shares of the company's stock, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock valued at $7,678,076 over the last ninety days. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of BorgWarner from $47.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday. Wells Fargo & Company decreased their target price on shares of BorgWarner from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.40.

BorgWarner Trading Up 0.6 %

BWA stock traded up $0.19 during mid-day trading on Thursday, reaching $32.66. The company's stock had a trading volume of 738,549 shares, compared to its average volume of 2,240,481. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The business's 50 day moving average price is $32.85 and its 200 day moving average price is $33.39. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 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 firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company's quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts predict that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Monday, December 2nd. BorgWarner's dividend payout ratio is currently 11.17%.

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.