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 stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BorgWarner Trading Down 2.8 %

Shares of BorgWarner stock opened at $27.76 on Friday. BorgWarner Inc. has a 1-year low of $27.65 and a 1-year high of $38.23. The company’s fifty day simple moving average is $30.78 and its 200-day simple moving average 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. The stock has a market capitalization of $6.07 billion, a PE ratio of 19.42, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last released its earnings results 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 return on equity of 15.93% and a net margin of 2.40%. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

Analyst Ratings Changes

Several analysts have commented on the company. Evercore ISI cut their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group lowered 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. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company upped their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $39.73.

Institutional Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BorgWarner in the fourth quarter worth approximately $9,286,000. American Trust lifted its stake in shares of BorgWarner by 11.7% during the 4th quarter. American Trust now owns 11,897 shares of the auto parts company’s stock valued at $378,000 after buying an additional 1,243 shares in the last quarter. Forum Financial Management LP boosted its holdings in BorgWarner by 26.4% in the 4th quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company’s stock worth $259,000 after buying an additional 1,702 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in BorgWarner in the 4th quarter worth $3,722,000. Finally, Neo Ivy Capital Management bought a new stake in BorgWarner during the fourth quarter valued at about $188,000. Institutional investors own 95.67% of the company’s stock.

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.