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

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $34.38 on Tuesday. The business’s fifty day simple moving average is $34.30 and its 200 day simple moving average is $33.98. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The firm has a market capitalization of $7.52 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its earnings results 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. The company 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 business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. As a group, analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.28%. BorgWarner’s payout ratio is currently 11.17%.

Wall Street Analyst Weigh In

A number of analysts have commented on BWA shares. Robert W. Baird upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Bank of America cut their target price on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. 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 research note on Monday, October 21st. Wells Fargo & Company dropped their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased 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 buying an additional 217,050 shares during the last quarter. Vestcor Inc bought a new position in shares of BorgWarner during the 3rd quarter worth $567,000. Executive Wealth Management LLC bought a new position in shares of BorgWarner during the 3rd quarter worth $1,546,000. Barclays PLC raised its stake in BorgWarner by 14.7% in the 3rd quarter. Barclays PLC now owns 443,476 shares of the auto parts company’s stock valued at $16,092,000 after acquiring an additional 56,988 shares during the period. Finally, Geller Advisors LLC bought a new stake in BorgWarner in the 3rd quarter valued at about $212,000. Institutional investors own 95.67% of the company’s stock.

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.