BorgWarner Inc. (NYSE:BWA) VP Sells $166,250.00 in Stock

BorgWarner Inc. (NYSE:BWA) VP Isabelle Mckenzie sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the transaction, the vice president now owns 63,445 shares of the company’s stock, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

BorgWarner Trading Up 0.7%

NYSE:BWA opened at $33.30 on Wednesday. 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 capitalization of $7.32 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 0.77 and a beta of 1.08. The firm has a fifty day simple moving average of $28.69 and a two-hundred day simple moving average of $30.89. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.13. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. Analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BWA. Global X Japan Co. Ltd. lifted its stake in shares of BorgWarner by 133.4% in the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after buying an additional 523 shares in the last quarter. Manchester Capital Management LLC bought a new position in shares of BorgWarner in the first quarter valued at $30,000. LRI Investments LLC lifted its stake in shares of 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 buying an additional 909 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock valued at $40,000 after buying an additional 539 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company’s stock valued at $41,000 after buying an additional 793 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BWA. Barclays decreased their price objective on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. Robert W. Baird increased their price objective on shares of BorgWarner from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Guggenheim decreased their price objective on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, TD Cowen cut shares of 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, March 7th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.67.

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.