BorgWarner Inc. (NYSE:BWA) EVP Sells $910,572.88 in Stock

BorgWarner Inc. (NYSE:BWA) EVP Tonit M. Calaway sold 27,736 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the transaction, the executive vice president now directly owns 214,521 shares in the company, valued at $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BorgWarner Stock Up 0.4%

Shares of NYSE BWA opened at $33.05 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.75. The firm has a 50-day moving average price of $28.40 and a 200 day moving average price of $30.92. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is 35.20%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BWA. Barclays lowered their price objective on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Evercore ISI lowered their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Morgan Stanley reduced their target price on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Finally, UBS Group raised their target price on shares of BorgWarner from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.47.

Hedge Funds Weigh In On BorgWarner

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. raised its position in BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 523 shares during the last quarter. LRI Investments LLC raised its position in BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 909 shares during the last quarter. Manchester Capital Management LLC acquired a new position in BorgWarner during the first quarter worth about $30,000. Meeder Asset Management Inc. raised its position in BorgWarner by 63.5% during the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 539 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in BorgWarner during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.