BorgWarner Inc. (NYSE:BWA) VP Sells $197,334.00 in Stock

BorgWarner Inc. (NYSE:BWA) VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the sale, the vice president now owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BorgWarner Price Performance

Shares of NYSE BWA opened at $34.81 on Thursday. The stock’s 50-day simple moving average is $34.19 and its 200-day simple moving average is $33.96. The firm has a market capitalization of $7.61 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.20. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. 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 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. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.2 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. BorgWarner’s dividend payout ratio is presently 11.17%.

Institutional Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its stake in BorgWarner by 2.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 39,707 shares of the auto parts company’s stock worth $1,441,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BorgWarner by 9.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,511 shares of the auto parts company’s stock valued at $1,978,000 after acquiring an additional 4,497 shares during the last quarter. FORA Capital LLC purchased a new position in shares of BorgWarner in the 3rd quarter valued at approximately $284,000. Glenmede Trust Co. NA increased its holdings in shares of BorgWarner by 44.2% in the third quarter. Glenmede Trust Co. NA now owns 304,243 shares of the auto parts company’s stock valued at $11,041,000 after purchasing an additional 93,220 shares during the period. Finally, Bridgewater Associates LP raised its stake in shares of BorgWarner by 4,509.5% during the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after purchasing an additional 370,726 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BWA. Bank of America dropped their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company reduced their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price target 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. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.