Insider Selling: BorgWarner Inc. (NYSE:BWA) VP Sells 3,000 Shares of Stock

BorgWarner Inc. (NYSE:BWAGet Free Report) VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the sale, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

BorgWarner Price Performance

BWA opened at $32.04 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.33. The company has a fifty day simple moving average of $32.68 and a 200 day simple moving average of $35.60. The stock has a market cap of $7.36 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.01 and a beta of 1.29.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. BorgWarner’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. On average, research analysts expect that BorgWarner Inc. will post 3.9 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, February 29th. BorgWarner’s payout ratio is 16.48%.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of research analyst reports. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Morgan Stanley decreased their price target on BorgWarner from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 14th. Barclays decreased their price target on BorgWarner from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 15th. Finally, Robert W. Baird lowered BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.12.

Read Our Latest Analysis on BWA

Hedge Funds Weigh In On BorgWarner

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in BorgWarner by 25.2% in the 1st quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock valued at $14,458,000 after purchasing an additional 74,902 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in BorgWarner by 86.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock valued at $859,000 after purchasing an additional 10,257 shares during the last quarter. MetLife Investment Management LLC lifted its stake in BorgWarner by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock valued at $2,537,000 after purchasing an additional 12,257 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in BorgWarner by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock worth $1,248,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in BorgWarner by 1.8% during the first quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock worth $1,802,000 after acquiring an additional 840 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

BorgWarner Company Profile

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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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