BorgWarner Inc. (NYSE:BWA) EVP Sells $66,112.00 in Stock

BorgWarner Inc. (NYSE:BWA) EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

BorgWarner Stock Performance

Shares of BWA opened at $31.97 on Wednesday. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.78 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $32.84 and its two-hundred day moving average is $33.40. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $42.27.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.18. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. Analysts forecast that BorgWarner Inc. will post 4.06 EPS for the current fiscal year.

BorgWarner announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to buy up to 6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.11 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BWA. EdgeRock Capital LLC bought a new stake in shares of BorgWarner in the 4th quarter valued at approximately $30,000. Riverview Trust Co acquired a new position in BorgWarner in the first quarter worth $30,000. LRI Investments LLC increased its stake in BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner during the second quarter worth $32,000. Finally, Olistico Wealth LLC bought a new position in shares of BorgWarner in the 2nd quarter worth about $35,000. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BWA shares. Bank of America dropped their target price on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Citigroup cut their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. TD Cowen upped their price target on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group boosted their price objective on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.41.

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.