BorgWarner Inc. (NYSE:BWA) CAO Sells $249,581.00 in Stock

BorgWarner Inc. (NYSE:BWA) CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

BorgWarner Price Performance

Shares of BWA stock opened at $28.72 on Friday. BorgWarner Inc. has a twelve month low of $27.65 and a twelve month high of $38.23. The company has a market capitalization of $6.28 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $30.70 and a 200-day simple moving average of $32.76.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Institutional Trading of BorgWarner

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in BorgWarner during the 4th quarter valued at $9,286,000. American Trust lifted its position in shares of BorgWarner by 11.7% during the fourth quarter. American Trust now owns 11,897 shares of the auto parts company’s stock worth $378,000 after purchasing an additional 1,243 shares during the last quarter. Forum Financial Management LP grew its stake in BorgWarner by 26.4% in the fourth quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company’s stock worth $259,000 after purchasing an additional 1,702 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in BorgWarner in the fourth quarter valued at about $3,722,000. Finally, Neo Ivy Capital Management acquired a new stake in BorgWarner during the fourth quarter valued at approximately $188,000. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BWA shares. Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Barclays dropped their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Guggenheim set a $38.00 price target on shares of BorgWarner in a research report on Wednesday, March 5th. Finally, TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a report on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.73.

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.