BorgWarner Inc. (NYSE:BWA – Get Free Report) VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the transaction, the vice president owned 208,746 shares of the company’s stock, valued at $12,942,252. The trade was a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Stefan Demmerle also recently made the following trade(s):
- On Friday, May 8th, Stefan Demmerle sold 20,000 shares of BorgWarner stock. The shares were sold at an average price of $59.26, for a total value of $1,185,200.00.
- On Tuesday, March 10th, Stefan Demmerle sold 2,500 shares of BorgWarner stock. The shares were sold at an average price of $53.03, for a total value of $132,575.00.
BorgWarner Stock Performance
NYSE BWA opened at $67.00 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. BorgWarner Inc. has a fifty-two week low of $31.83 and a fifty-two week high of $70.08. The stock has a 50-day simple moving average of $54.88 and a two-hundred day simple moving average of $50.42. The firm has a market capitalization of $13.74 billion, a P/E ratio of 39.64, a PEG ratio of 1.23 and a beta of 1.00.
BorgWarner Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st. BorgWarner’s payout ratio is currently 40.24%.
Institutional Investors Weigh In On BorgWarner
Several large investors have recently bought and sold shares of BWA. Root Financial Partners LLC purchased a new stake in BorgWarner during the 3rd quarter worth approximately $27,000. Prosperity Bancshares Inc purchased a new stake in BorgWarner during the 4th quarter worth approximately $37,000. Sound Income Strategies LLC increased its stake in BorgWarner by 9,888.9% during the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares in the last quarter. Torren Management LLC purchased a new stake in BorgWarner during the 4th quarter worth approximately $48,000. Finally, Olistico Wealth LLC purchased a new stake in BorgWarner during the 4th quarter worth approximately $50,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on BWA. New Street Research set a $66.00 price target on BorgWarner in a research note on Thursday, February 12th. Morgan Stanley set a $60.00 price target on BorgWarner in a research note on Thursday, February 12th. TD Cowen lifted their price target on BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Wall Street Zen lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Evercore restated an “outperform” rating and issued a $75.00 price target on shares of BorgWarner in a research note on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $67.50.
View Our Latest Analysis on BorgWarner
About BorgWarner
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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