Insider Selling: BorgWarner Inc. (NYSE:BWA) EVP Sells 20,266 Shares of Stock

BorgWarner Inc. (NYSE:BWA) EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BorgWarner Trading Down 0.3 %

Shares of NYSE:BWA traded down $0.10 during trading on Wednesday, reaching $35.04. The stock had a trading volume of 1,152,759 shares, compared to its average volume of 2,693,823. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.66 billion, a P/E ratio of 8.99, a PEG ratio of 0.73 and a beta of 1.20. The business has a fifty day moving average price of $34.16 and a 200-day moving average price of $33.96. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the firm posted $0.98 EPS. BorgWarner’s revenue was down 4.8% on a year-over-year basis. As a group, analysts anticipate 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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

BWA has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Barclays lifted their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Robert W. Baird boosted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $41.44.

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.