Insider Selling: BorgWarner Inc. (NYSE:BWA) CEO Sells $5,329,940.00 in Stock

BorgWarner Inc. (NYSE:BWA) CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $34.50 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $34.27 and a 200-day simple moving average of $33.97. The company has a market cap of $7.55 billion, a PE ratio of 8.76, a P/E/G ratio of 0.72 and a beta of 1.20. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. On average, equities research analysts forecast that BorgWarner Inc. will post 4.2 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.28%. BorgWarner’s dividend payout ratio is presently 11.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BWA shares. The Goldman Sachs Group dropped their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Barclays lifted their target price on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company dropped their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Finally, Wolfe Research assumed coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.20.

Hedge Funds Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently made changes to their positions in BWA. Vestcor Inc acquired a new stake in BorgWarner in the third quarter worth approximately $567,000. Executive Wealth Management LLC acquired a new stake in BorgWarner in the third quarter worth approximately $1,546,000. Barclays PLC lifted its position in BorgWarner by 14.7% in the third quarter. Barclays PLC now owns 443,476 shares of the auto parts company’s stock worth $16,092,000 after purchasing an additional 56,988 shares during the period. Geller Advisors LLC acquired a new stake in BorgWarner in the third quarter worth approximately $212,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in BorgWarner by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,784 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 671 shares during the period. 95.67% of the stock is currently 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.