BorgWarner (NYSE:BWA) Reaches New 1-Year Low on Insider Selling

BorgWarner Inc. (NYSE:BWA - Get Free Report) shares hit a new 52-week low on Thursday after an insider sold shares in the company. The company traded as low as $27.65 and last traded at $27.92, with a volume of 1489764 shares trading hands. The stock had previously closed at $28.56.

Specifically, CAO Tonit M. Calaway sold 8,300 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BWA shares. The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Guggenheim set a $38.00 price objective on BorgWarner in a report on Wednesday, March 5th. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Barclays decreased their price target on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.73.

Remove Ads

BorgWarner Stock Down 2.2 %

The company has a market cap of $6.11 billion, a P/E ratio of 19.53, a PEG ratio of 0.77 and a beta of 1.21. The business's 50 day moving average price is $30.78 and its 200-day moving average price is $32.79. 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 (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating 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, analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid 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 1.58%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Institutional Trading of BorgWarner

Institutional investors and hedge funds have recently modified their holdings of the stock. LRI Investments LLC grew its holdings in BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 909 shares during the period. Brooklyn Investment Group acquired a new position in shares of BorgWarner in the 3rd quarter valued at $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner in the 3rd quarter valued at $38,000. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner during the 4th quarter worth $45,000. Finally, Avior Wealth Management LLC lifted its holdings in 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 acquiring an additional 342 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.