Stefan Demmerle Sells 20,544 Shares of BorgWarner Inc. (NYSE:BWA) Stock

BorgWarner Inc. (NYSE:BWA) VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Stefan Demmerle also recently made the following trade(s):

• On Thursday, November 14th, Stefan Demmerle sold 21,500 shares of BorgWarner stock. The shares were sold at an average price of $34.79, for a total value of $747,985.00.

BorgWarner Stock Up 0.1 %

BWA opened at $34.32 on Friday. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The stock has a market capitalization of $7.51 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The business’s 50-day simple moving average is $34.57 and its 200-day simple moving average is $33.83.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. Analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

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 given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently made changes to their positions in BWA. Franklin Resources Inc. increased its position in BorgWarner by 292.9% in the 3rd quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company’s stock valued at $8,986,000 after acquiring an additional 189,081 shares during the period. Peapack Gladstone Financial Corp grew its stake in shares of BorgWarner by 2.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 107,336 shares of the auto parts company’s stock valued at $3,896,000 after purchasing an additional 2,067 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner in the third quarter valued at approximately $62,000. Pine Valley Investments Ltd Liability Co raised its stake in shares of BorgWarner by 8.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company’s stock worth $258,000 after purchasing an additional 550 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of BorgWarner by 3.5% during the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after purchasing an additional 217,050 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Finally, Wolfe Research began coverage on BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.21.

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.