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

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now 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 sale was disclosed in a filing with the SEC, which is available through this link.

BorgWarner Stock Performance

NYSE BWA opened at $33.31 on Thursday. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The firm has a market capitalization of $7.28 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20. The stock’s fifty day moving average is $34.36 and its two-hundred day moving average is $33.95. 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 (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for 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%. BorgWarner’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, research analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Dividend Announcement

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

Institutional Investors Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of 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 purchasing an additional 335 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of BorgWarner during the first quarter valued at about $1,076,000. Edgestream Partners L.P. raised its stake in shares of BorgWarner by 419.7% in the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock valued at $2,311,000 after acquiring an additional 53,721 shares during the period. Covestor Ltd lifted its holdings in shares of BorgWarner by 47.2% in the 1st quarter. Covestor Ltd now owns 3,048 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 978 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in shares of BorgWarner by 731.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 30,920 shares of the auto parts company’s stock worth $1,074,000 after purchasing an additional 27,201 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Barclays upped their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird increased their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company cut their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.21.

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.