BorgWarner (NYSE:BWA) Shares Down 4.7% – Time to Sell?

Shares of BorgWarner Inc. (NYSE:BWA) fell 4.7% on Thursday . The stock traded as low as $28.31 and last traded at $28.82. 438,275 shares were traded during trading, a decline of 83% from the average session volume of 2,635,328 shares. The stock had previously closed at $30.25.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BWA shares. The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Piper Sandler dropped their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a research note on Tuesday, March 18th. Finally, TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

BorgWarner Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The company has a fifty day moving average of $30.08 and a 200 day moving average of $32.42. The firm has a market capitalization of $6.19 billion, a P/E ratio of 19.70, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

Insider Activity at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,347,701 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently modified their holdings of BWA. LRI Investments LLC lifted its holdings in shares of BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of BorgWarner in the third quarter valued at $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner during the third quarter valued at about $38,000. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner during the fourth quarter worth about $45,000. Finally, Avior Wealth Management LLC raised its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

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.