BorgWarner Inc. (NYSE:BWA) CAO Sells $407,160.00 in Stock

BorgWarner Inc. (NYSE:BWA) CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BorgWarner Stock Up 2.9 %

NYSE BWA opened at $30.24 on Friday. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.61 billion, a PE ratio of 21.15, a P/E/G ratio of 0.63 and a beta of 1.18. The stock’s 50 day moving average is $31.95 and its 200 day moving average is $33.17.

BorgWarner (NYSE:BWA) last released its 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 net margin of 2.40% and a return on equity of 15.93%. Research analysts predict that BorgWarner Inc. will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.46%. BorgWarner’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BWA shares. Guggenheim reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Barclays reduced their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BWA. Brooklyn Investment Group purchased a new position in shares of BorgWarner during the third quarter valued at about $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner during the third quarter valued at about $38,000. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner during the fourth quarter valued at about $45,000. Avior Wealth Management LLC grew its position 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 valued at $46,000 after purchasing an additional 342 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of BorgWarner during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

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.