Stefan Demmerle Sells 21,500 Shares of BorgWarner Inc. (NYSE:BWA) Stock

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BorgWarner Stock Performance

Shares of BorgWarner stock traded down $0.16 on Monday, hitting $34.34. The stock had a trading volume of 578,674 shares, compared to its average volume of 2,681,459. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 0.71 and a beta of 1.20. The company’s 50 day moving average price is $34.27 and its 200 day moving average price is $33.99.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Analysts Set New Price Targets

BWA has been the subject of a number of analyst reports. Barclays upped their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and increased their price target for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Wolfe Research initiated coverage on BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company decreased their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BWA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake 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 period. Ontario Teachers Pension Plan Board purchased a new position in shares of BorgWarner during the 1st quarter worth $1,076,000. Edgestream Partners L.P. lifted its stake in shares of BorgWarner by 419.7% during the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after purchasing an additional 53,721 shares during the period. Covestor Ltd raised its position 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 buying an additional 978 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in shares of BorgWarner by 731.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 30,920 shares of the auto parts company’s stock worth $1,074,000 after buying an additional 27,201 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.