Insider Selling: BorgWarner Inc. (NYSE:BWA) EVP Sells $698,569.02 in Stock

BorgWarner Inc. (NYSE:BWA) EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BorgWarner Trading Up 0.2 %

Shares of BWA stock opened at $34.50 on Friday. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20. 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 fifty-two week low of $29.51 and a fifty-two week high of $38.22. The firm’s 50 day moving average price is $34.27 and its two-hundred day moving average price is $33.97.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results 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 firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. On average, analysts anticipate that BorgWarner Inc. will post 4.2 EPS for the current year.

BorgWarner Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Robert W. Baird lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company decreased their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their target price 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of BorgWarner by 59.2% during the second quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock worth $1,378,000 after purchasing an additional 15,883 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of BorgWarner by 90.7% during the first quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock worth $1,363,000 after purchasing an additional 18,640 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of BorgWarner by 419.7% during the first quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after purchasing an additional 53,721 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of BorgWarner by 33.4% in the first quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock worth $4,790,000 after buying an additional 34,488 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of BorgWarner by 34.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 313,835 shares of the auto parts company’s stock worth $10,903,000 after buying an additional 81,264 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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.