BorgWarner Inc. (NYSE:BWA) VP Sells $197,334.00 in Stock

BorgWarner Inc. (NYSE:BWA) VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

BorgWarner Price Performance

BWA opened at $34.43 on Friday. 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 Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a 50 day moving average of $34.22 and a two-hundred day moving average of $33.97. The company has a market cap of $7.53 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.73 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released 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 net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. BorgWarner’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts expect that BorgWarner Inc. will post 4.2 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.28%. BorgWarner’s dividend payout ratio is currently 11.17%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWA. Barclays lifted their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average target price of $41.20.

Institutional Trading of BorgWarner

Several institutional investors have recently added to or reduced their stakes in BWA. Matrix Trust Co acquired a new stake in BorgWarner in the third quarter valued at $25,000. LRI Investments LLC raised its holdings in shares of BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner during the second quarter worth $32,000. Brooklyn Investment Group acquired a new stake in shares of BorgWarner during the third quarter worth $32,000. Finally, Olistico Wealth LLC acquired a new stake in shares of BorgWarner during the second quarter worth $35,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.