BorgWarner Inc. (NYSE:BWA) EVP Tania Wingfield Sells 24,000 Shares

BorgWarner Inc. (NYSE:BWA) EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $29.32 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 12 month low of $27.90 and a 12 month high of $38.22. The firm has a market capitalization of $6.41 billion, a P/E ratio of 20.50, a P/E/G ratio of 0.77 and a beta of 1.18. The company’s fifty day moving average price is $31.03 and its 200 day moving average price is $32.92.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.50%. The ex-dividend date is Monday, March 3rd. BorgWarner’s payout ratio is currently 30.77%.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently made changes to their positions in BWA. LRI Investments LLC grew its holdings in shares of 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 buying an additional 909 shares during the last quarter. Brooklyn Investment Group acquired a new stake in BorgWarner during the 3rd quarter worth approximately $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner in the 3rd quarter valued at approximately $38,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner during the fourth quarter worth approximately $45,000. Finally, Avior Wealth Management LLC raised its stake in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays cut their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company boosted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday. Finally, Morgan Stanley lowered their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $39.93.

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.