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

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

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

BorgWarner Stock Up 0.1 %

Shares of BorgWarner stock traded up $0.04 on Friday, hitting $34.32. The company had a trading volume of 1,041,291 shares, compared to its average volume of 2,650,169. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20. 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 Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The stock has a 50 day moving average of $34.56 and a 200-day moving average of $33.85.

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, 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 business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business earned $0.98 EPS. The business’s revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

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

Wall Street Analysts Forecast Growth

BWA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Evercore ISI upgraded shares of 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 research report on Monday, October 14th. Robert W. Baird lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, Wolfe Research assumed coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.21.

Hedge Funds Weigh In On BorgWarner

Hedge funds and other institutional investors have recently modified their holdings of the business. Matrix Trust Co purchased a new stake in shares of BorgWarner during the third quarter valued at approximately $25,000. LRI Investments LLC grew its stake in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner during the 2nd quarter valued at $32,000. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the 3rd quarter worth $32,000. Finally, Olistico Wealth LLC purchased a new position in shares of BorgWarner in the 2nd quarter worth about $35,000. 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.