BorgWarner Inc. (NYSE:BWA) EVP Sells $698,569.02 in Stock

BorgWarner Inc. (NYSE:BWA) EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the sale, the executive vice president now directly owns 32,366 shares in the company, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

BorgWarner Trading Down 1.1 %

Shares of BWA opened at $34.43 on Friday. 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 $7.53 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.73 and a beta of 1.20. The stock’s 50-day moving average price is $34.22 and its 200 day moving average price is $33.97. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts predict that BorgWarner Inc. will post 4.2 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. Investors of record on Monday, December 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays lifted their target price on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Bank of America decreased their price target on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Robert W. Baird boosted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Wolfe Research started coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

Hedge Funds Weigh In On BorgWarner

Large investors have recently added to or reduced their stakes in the company. Trillium Asset Management LLC lifted its stake in BorgWarner by 2.1% in the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after purchasing an additional 283 shares during the last quarter. Studio Investment Management LLC increased its stake in BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 310 shares during the last quarter. Spectrum Asset Management Inc. NB CA grew its stake in shares of BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after buying an additional 316 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of BorgWarner by 1.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after buying an additional 335 shares during the last quarter. Finally, First Pacific Financial grew its stake in shares of BorgWarner by 3.6% during the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after buying an additional 340 shares during the last quarter. 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.