BorgWarner Inc. (NYSE:BWA) VP Sells $704,248.32 in Stock

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

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 Price Performance

Shares of NYSE:BWA opened at $34.32 on Monday. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The business has a fifty day moving average price of $34.57 and a 200-day moving average price of $33.80. The company has a market capitalization of $7.51 billion, a PE ratio of 8.71, a PEG ratio of 0.76 and a beta of 1.20.

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 firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company earned $0.98 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. As a group, equities analysts expect that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Analyst Ratings Changes

A number of brokerages recently commented on BWA. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. The Goldman Sachs Group decreased their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Wolfe Research started coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.21.

Institutional Investors Weigh In On BorgWarner

Several institutional investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its position in shares of BorgWarner by 292.9% during the third quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company’s stock valued at $8,986,000 after buying an additional 189,081 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of BorgWarner by 2.0% during the third quarter. Peapack Gladstone Financial Corp now owns 107,336 shares of the auto parts company’s stock valued at $3,896,000 after buying an additional 2,067 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner during the third quarter valued at $62,000. Pine Valley Investments Ltd Liability Co boosted its position in shares of BorgWarner by 8.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company’s stock valued at $258,000 after buying an additional 550 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in BorgWarner by 3.5% in the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after purchasing an additional 217,050 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.