BorgWarner Inc. (NYSE:BWA) VP Sells $747,985.00 in Stock

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 21,500 shares of the stock in a transaction on Thursday, November 14th. The stock was 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 in the company, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BorgWarner Price Performance

Shares of NYSE BWA traded down $0.16 during trading on Monday, hitting $34.34. The company had a trading volume of 578,674 shares, compared to its average volume of 2,681,459. The business’s 50-day moving average is $34.27 and its 200 day moving average is $33.99. 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 52 week low of $29.51 and a 52 week high of $38.22. The company has a market cap of $7.51 billion, a P/E ratio of 8.76, a PEG ratio of 0.71 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced 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. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the business earned $0.98 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Equities research analysts predict that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

Analyst Upgrades and Downgrades

BWA has been the topic of several research reports. Bank of America cut their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Finally, The Goldman Sachs Group dropped their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.21.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after buying an additional 4,625,685 shares during the last quarter. Point72 Asset Management L.P. raised its position in BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP raised its position in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after purchasing an additional 1,640,503 shares in the last quarter. Earnest Partners LLC raised its position in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after purchasing an additional 669,137 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in BorgWarner by 86.0% during the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after buying an additional 652,097 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Company 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.