KLP Kapitalforvaltning AS Has $2.52 Million Stock Holdings in BorgWarner Inc. $BWA

KLP Kapitalforvaltning AS lessened its position in BorgWarner Inc. (NYSE:BWA) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,200 shares of the auto parts company’s stock after selling 600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in BorgWarner were worth $2,518,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global X Japan Co. Ltd. raised its position in BorgWarner by 133.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after buying an additional 523 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in BorgWarner in the 1st quarter valued at approximately $30,000. Trust Co. of Vermont raised its position in BorgWarner by 55,000.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after buying an additional 1,100 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of BorgWarner by 63.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 539 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of BorgWarner by 123.1% during the 1st quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 793 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BWA shares. Bank of America lowered BorgWarner from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $41.00 to $46.00 in a research report on Wednesday, September 10th. Baird R W raised BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Zacks Research raised BorgWarner from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Morgan Stanley boosted their price target on BorgWarner from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Finally, UBS Group boosted their price target on BorgWarner from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.07.

Insider Activity at BorgWarner

In related news, VP Isabelle Mckenzie sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the sale, the vice president directly owned 55,945 shares in the company, valued at $2,238,359.45. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $42.31, for a total value of $371,143.32. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 31,272 shares of company stock worth $1,263,318 in the last ninety days. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $41.18 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $44.97. The stock has a 50 day moving average of $42.56 and a 200-day moving average of $35.50. The company has a market capitalization of $8.91 billion, a P/E ratio of 43.81, a P/E/G ratio of 1.36 and a beta of 1.09.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, July 31st. The auto parts company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.17 dividend. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, September 2nd. This represents a $0.68 annualized dividend and a yield of 1.7%. BorgWarner’s dividend payout ratio is presently 72.34%.

BorgWarner announced that its board has initiated a stock buyback plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 13.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.