Tonit M. Calaway Sells 8,300 Shares of BorgWarner Inc. (NYSE:BWA) Stock

BorgWarner Inc. (NYSE:BWA) CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

BorgWarner Trading Down 2.6 %

BWA traded down $0.75 during midday trading on Wednesday, reaching $28.49. 1,024,962 shares of the company were exchanged, compared to its average volume of 2,469,934. The stock has a market capitalization of $6.23 billion, a P/E ratio of 19.90, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a one year low of $27.90 and a one year high of $38.23. The stock’s 50-day simple moving average is $30.84 and its 200 day simple moving average is $32.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. As a group, analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.54%. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BWA shares. The Goldman Sachs Group cut their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Morgan Stanley cut their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th. Finally, Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

Hedge Funds Weigh In On BorgWarner

A number of large investors have recently added to or reduced their stakes in BWA. LRI Investments LLC increased its stake in BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after buying an additional 909 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the 3rd quarter worth approximately $32,000. True Wealth Design LLC acquired a new stake in shares of BorgWarner in the 3rd quarter valued at approximately $38,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner in the 4th quarter valued at approximately $45,000. Finally, Avior Wealth Management LLC grew its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares in the last quarter. 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.