Insider Selling: BorgWarner Inc. (NYSE:BWA) VP Sells 20,544 Shares of Stock

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stefan Demmerle also recently made the following trade(s):

• On Thursday, November 14th, Stefan Demmerle sold 21,500 shares of BorgWarner stock. The shares were sold at an average price of $34.79, for a total value of $747,985.00.

BorgWarner Stock Performance

Shares of BorgWarner stock traded up $0.04 during trading on Friday, reaching $34.32. The company’s stock had a trading volume of 1,041,291 shares, compared to its average volume of 2,650,169. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The business’s 50-day moving average price is $34.56 and its 200-day moving average price is $33.85. The firm has a market cap of $7.51 billion, a PE ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Equities analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given 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 dividend payout ratio is presently 11.17%.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds have recently made changes to their positions in the stock. Matrix Trust Co bought a new position in shares of BorgWarner in the 3rd quarter valued at $25,000. LRI Investments LLC increased its holdings in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC bought a new position in BorgWarner in the second quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in shares of BorgWarner during the third quarter valued at about $32,000. Finally, Olistico Wealth LLC bought a new stake in shares of BorgWarner during the second quarter worth about $35,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Wolfe Research started coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.