Insider Selling: BorgWarner Inc. (NYSE:BWA) VP Sells 21,500 Shares of Stock

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BorgWarner Trading Up 0.5 %

Shares of BorgWarner stock opened at $33.31 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $34.36 and a 200-day simple moving average of $33.95. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.71 and a beta of 1.20. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the company posted $0.98 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of research reports. Robert W. Baird lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company reduced their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Wolfe Research assumed coverage on BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $41.21.

Hedge Funds Weigh In On BorgWarner

Hedge funds have recently modified their holdings of the business. Matrix Trust Co purchased a new stake in BorgWarner in the 3rd quarter valued at $25,000. LRI Investments LLC raised its holdings in shares of BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after buying an additional 913 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner during the second quarter worth about $32,000. Brooklyn Investment Group purchased a new position in shares of BorgWarner during the third quarter worth about $32,000. Finally, Olistico Wealth LLC acquired a new position in BorgWarner in the 2nd quarter valued at about $35,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.