BorgWarner Inc. (NYSE:BWA) CAO Tonit M. Calaway Sells 13,500 Shares

BorgWarner Inc. (NYSE:BWA) CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BorgWarner Trading Down 1.9 %

BWA opened at $28.89 on Thursday. The stock has a market cap of $6.32 billion, a PE ratio of 20.20, a PEG ratio of 0.63 and a beta of 1.18. The business has a 50 day moving average of $32.11 and a 200-day moving average of $33.22. BorgWarner Inc. has a 52 week low of $28.65 and a 52 week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities research analysts predict that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

Institutional Trading of BorgWarner

A number of hedge funds have recently made changes to their positions in BWA. CWM LLC grew its holdings in shares of BorgWarner by 153.3% during the third quarter. CWM LLC now owns 30,680 shares of the auto parts company’s stock valued at $1,113,000 after buying an additional 18,570 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in BorgWarner by 76.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 37,794 shares of the auto parts company’s stock valued at $1,372,000 after purchasing an additional 16,368 shares during the last quarter. Swedbank AB increased its holdings in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after purchasing an additional 593,265 shares in the last quarter. Kopion Asset Management LLC raised its stake in shares of BorgWarner by 2.9% in the third quarter. Kopion Asset Management LLC now owns 368,770 shares of the auto parts company’s stock worth $13,383,000 after purchasing an additional 10,509 shares during the last quarter. Finally, Twelve Points Wealth Management LLC lifted its holdings in shares of BorgWarner by 16.6% during the third quarter. Twelve Points Wealth Management LLC now owns 44,058 shares of the auto parts company’s stock valued at $1,599,000 after purchasing an additional 6,262 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BWA shares. Deutsche Bank Aktiengesellschaft increased their target price on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Evercore ISI lowered their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday. Guggenheim restated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Finally, StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.20.

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.