BorgWarner (NYSE:BWA) Reaches New 1-Year Low Following Insider Selling

BorgWarner Inc. (NYSE:BWA) shares reached a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $27.65 and last traded at $27.92, with a volume of 1489764 shares trading hands. The stock had previously closed at $28.56.

Specifically, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction dated Monday, March 10th. The shares were 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 owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BWA. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. Guggenheim set a $38.00 price target on shares of BorgWarner in a report on Wednesday, March 5th. Wells Fargo & Company boosted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

BorgWarner Stock Performance

The business’s 50-day moving average price is $30.70 and its 200-day moving average price is $32.76. 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 stock has a market cap of $6.28 billion, a PE ratio of 20.08, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.53%. BorgWarner’s payout ratio is 30.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Studio Investment Management LLC increased its stake in BorgWarner by 12.4% during the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 310 shares in the last quarter. Avior Wealth Management LLC increased its stake in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after purchasing an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after acquiring an additional 393 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after acquiring an additional 394 shares during the period. Institutional investors and hedge funds 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.