Insider Selling: BorgWarner Inc. (NYSE:BWA) EVP Sells $690,960.00 in Stock

BorgWarner Inc. (NYSE:BWA) EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BorgWarner Price Performance

BorgWarner stock opened at $29.85 on Friday. BorgWarner Inc. has a 12 month low of $27.90 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The business has a 50 day simple moving average of $30.93 and a 200-day simple moving average of $32.88. The stock has a market capitalization of $6.53 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last posted 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 analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current 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 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently modified their holdings of BWA. LRI Investments LLC grew its stake in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 909 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the 3rd quarter worth about $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner during the 3rd quarter valued at about $38,000. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner in the 4th quarter valued at approximately $45,000. Finally, Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Evercore ISI lowered their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Guggenheim reissued a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. TD Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday. Finally, Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $39.93.

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.