Paul Arthur Farrell Sells 20,266 Shares of BorgWarner Inc. (NYSE:BWA) Stock

BorgWarner Inc. (NYSE:BWA) EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This trade represents a 38.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BorgWarner Stock Performance

BWA stock opened at $34.50 on Friday. The company has a market capitalization of $7.55 billion, a P/E ratio of 8.76, a PEG ratio of 0.72 and a beta of 1.20. The company has a 50-day simple moving average of $34.27 and a 200 day simple moving average of $33.97. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. Sell-side analysts predict that BorgWarner Inc. will post 4.2 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm 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 $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of research analyst reports. Bank of America dropped their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $39.00 to $43.00 in a research note on Monday, October 14th. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Trillium Asset Management LLC lifted its holdings in BorgWarner by 2.1% in the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after acquiring an additional 283 shares during the last quarter. Studio Investment Management LLC raised its holdings in BorgWarner by 12.4% during the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after buying an additional 310 shares during the period. Spectrum Asset Management Inc. NB CA raised its holdings in BorgWarner by 0.5% during the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after buying an additional 316 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in BorgWarner by 1.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after buying an additional 335 shares during the period. Finally, First Pacific Financial raised its holdings in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after buying an additional 340 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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.