BorgWarner (NYSE:BWA) Reaches New 12-Month Low on Insider Selling

BorgWarner Inc. (NYSE:BWA - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday after an insider sold shares in the company. The company traded as low as $28.65 and last traded at $28.89, with a volume of 2924629 shares traded. The stock had previously closed at $29.44.

Specifically, CAO Tonit M. Calaway sold 13,500 shares of the business's 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 in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

Several equities research analysts have commented on BWA shares. Barclays cut their price objective on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price target on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a report on Monday, November 4th. StockNews.com cut BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Wells Fargo & Company increased their price target on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and an average price target of $40.20.

BorgWarner Stock Up 2.9 %

The firm has a 50-day moving average of $31.95 and a two-hundred day moving average of $33.16. The company has a market capitalization of $6.61 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly 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 return on equity of 15.93% and a net margin of 2.40%. Equities research analysts predict that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.46%. BorgWarner's dividend payout ratio is currently 30.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of BorgWarner during the third quarter worth $32,000. True Wealth Design LLC purchased a new position in BorgWarner in the third quarter valued at $38,000. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner in the fourth quarter valued at $45,000. Avior Wealth Management LLC boosted its holdings in 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 purchasing an additional 342 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in BorgWarner in the fourth quarter valued at $48,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.