Insider Selling: BorgWarner Inc. (NYSE:BWA) CAO Sells 13,500 Shares of Stock

BorgWarner Inc. (NYSE:BWA - Get Free Report) CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BorgWarner Stock Performance

Shares of NYSE:BWA traded up $0.84 on Friday, hitting $30.24. 2,915,066 shares of the company were exchanged, compared to its average volume of 2,566,885. The company's 50 day moving average price is $31.95 and its two-hundred day moving average price is $33.18. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts expect that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 annualized dividend and a dividend yield of 1.46%. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

Institutional Trading of BorgWarner

Hedge funds have recently modified their holdings of the stock. Studio Investment Management LLC boosted its stake in BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock valued at $102,000 after acquiring an additional 310 shares during the last quarter. Spectrum Asset Management Inc. NB CA boosted its stake in BorgWarner by 0.5% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock valued at $2,158,000 after acquiring an additional 316 shares during the last quarter. Avior Wealth Management LLC boosted its stake 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 acquiring an additional 342 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after acquiring an additional 381 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock valued at $2,421,000 after acquiring an additional 393 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BWA shares. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Barclays lowered their price target on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Finally, Guggenheim reiterated 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.20.

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.