Insider Selling: BorgWarner Inc. (NYSE:BWA) EVP Sells 24,000 Shares of Stock

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

BorgWarner Trading Up 0.2 %

Shares of BorgWarner stock traded up $0.05 during trading on Monday, reaching $29.86. The company's stock had a trading volume of 3,535,772 shares, compared to its average volume of 2,476,513. The firm's 50-day moving average is $30.93 and its two-hundred day moving average is $32.87. BorgWarner Inc. has a 52-week low of $27.90 and a 52-week high of $38.23. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.77 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

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BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

BWA has been the topic of several analyst reports. Barclays lowered their target price on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley dropped their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, The Goldman Sachs Group reduced 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. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.73.

Hedge Funds Weigh In On BorgWarner

A number of institutional investors have recently bought and sold shares of BWA. Brooklyn Investment Group purchased a new stake in BorgWarner in the 3rd quarter worth $32,000. LRI Investments LLC grew its holdings in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares during the last quarter. True Wealth Design LLC bought a new stake in BorgWarner during the 3rd quarter valued at $38,000. Resona Asset Management Co. Ltd. bought a new position in BorgWarner in the fourth quarter worth approximately $45,000. Finally, Avior Wealth Management LLC grew its position in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after buying an additional 342 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

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.