BorgWarner Inc. (NYSE:BWA – Get Free Report) VP Stefan Demmerle sold 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $59.26, for a total transaction of $1,185,200.00. Following the sale, the vice president owned 213,746 shares in the company, valued at approximately $12,666,587.96. The trade was a 8.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Stefan Demmerle also recently made the following trade(s):
- On Monday, May 11th, Stefan Demmerle sold 5,000 shares of BorgWarner stock. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00.
- On Tuesday, March 10th, Stefan Demmerle sold 2,500 shares of BorgWarner stock. The stock was sold at an average price of $53.03, for a total transaction of $132,575.00.
BorgWarner Trading Up 5.1%
Shares of NYSE:BWA opened at $67.00 on Thursday. BorgWarner Inc. has a 12 month low of $31.83 and a 12 month high of $70.08. The company has a quick ratio of 1.75, a current ratio of 2.13 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $54.88 and its 200 day simple moving average is $50.42. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 1.23 and a beta of 1.00.
BorgWarner Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. BorgWarner’s dividend payout ratio (DPR) is 40.24%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of BWA. AQR Capital Management LLC grew its position in shares of BorgWarner by 119.7% in the 3rd quarter. AQR Capital Management LLC now owns 7,518,776 shares of the auto parts company’s stock valued at $330,525,000 after acquiring an additional 4,095,902 shares during the period. Norges Bank bought a new position in shares of BorgWarner in the 4th quarter valued at about $156,794,000. Millennium Management LLC grew its position in shares of BorgWarner by 94.5% in the 4th quarter. Millennium Management LLC now owns 2,100,815 shares of the auto parts company’s stock valued at $94,663,000 after acquiring an additional 1,020,726 shares during the period. SEB Asset Management AB bought a new position in shares of BorgWarner in the 1st quarter valued at about $50,930,000. Finally, Adage Capital Partners GP L.L.C. grew its position in shares of BorgWarner by 233.6% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,111,000 shares of the auto parts company’s stock valued at $37,196,000 after acquiring an additional 778,000 shares during the period. Institutional investors own 95.67% of the company’s stock.
Analysts Set New Price Targets
BWA has been the subject of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of BorgWarner from $54.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. TD Cowen raised their target price on shares of BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner to $73.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. UBS Group raised their target price on shares of BorgWarner from $56.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company decreased their target price on shares of BorgWarner to $68.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.50.
Get Our Latest Research Report on BWA
BorgWarner Company Profile
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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